Which of the following is an advantage of sole proprietorship?
A)Unlimited financial resources
B)Attraction of talented employees
C)Ease of formation
D)Shared workload and responsibilities

Question

Quizplus · Accepted Answer

One advantage of a sole proprietorship is ease of formation. Setting up a sole proprietorship is relatively simple and involves few legal requirements, making it a popular choice for entrepreneurs who want to start a business quickly and without much hassle. However, sole proprietors typically have limited financial resources, and there is no sharing of workload or responsibilities. Attracting talented employees may also be more difficult for a sole proprietorship, as it may not have the same level of prestige or opportunities for advancement as a larger company.

Which of the Following Is an Advantage of Sole Proprietorship