A disadvantage of a sole proprietorship is that:
A) there is flexibility in decision making.
B) profits are taxed only once.
C) issuing stocks is expensive.
D) the business ends when the owner dies.

Question

Quizplus · Accepted Answer

Sole proprietorships end with the death of the owner, as the business and the owner are legally considered the same entity. This contrasts with corporations, which can continue indefinitely as they are separate legal entities from their owners.

A Disadvantage of a Sole Proprietorship Is That