A disadvantage of a sole proprietorship is that:
A) there is flexibility in decision making.
B) profits are taxed twic.
C) profits are taxed at a personal income level.
D) financing is limited to the owner's ability to borrow.

Question

Quizplus · Accepted Answer

A disadvantage of a sole proprietorship is that financing is limited to the owner's ability to borrow, as they cannot issue stock or attract investors like corporations can.

A Disadvantage of a Sole Proprietorship Is That