Which of the following is a disadvantage associated with sole proprietorships?
A) Raising money to finance growth can be tough for business owners.
B) Taxes are levied directly on the earnings of business owners.
C) Controlling power cannot be retained by the business owners.
D) The costs of formation of a firm are more compared to other business forms.

Question

Quizplus · Accepted Answer

Sole proprietorships often face challenges in raising capital because they rely on the owner's personal funds or loans, which can limit growth potential.

Which of the Following Is a Disadvantage Associated with Sole