The most significant disadvantage of the sole proprietorship form of doing business is:
A)More difficult for the owner to raise capital
B)The owner has unlimited liability
C)The survival of the business depends on the owner
D)It may require getting a DBA
E)It cannot be used for high-growth ventures

Question

Quizplus · Accepted Answer

The most significant disadvantage of a sole proprietorship is that the owner has unlimited liability, meaning personal assets can be used to satisfy business debts and liabilities.

The Most Significant Disadvantage of the Sole Proprietorship Form of Doing