A disadvantage of a sole proprietorship is that:
A) there is flexibility in decision making.
B) partners may not agree on decision making.
C) profits are taxed at a personal income level.
D) it is not a separate legal entity.

Question

Quizplus · Accepted Answer

A sole proprietorship is not a separate legal entity, meaning the owner is personally liable for all business debts and obligations.

A Disadvantage of a Sole Proprietorship Is That