All of the following are advantages of sole proprietorship EXCEPT ________.
A) single ownership
B) no separate tax form
C) ease of formation
D) limited liability
E) control and flexibility

Question

Quizplus · Accepted Answer

Sole proprietorship does not offer limited liability to the owner, meaning the business and personal assets of the owner are not separate, which could lead to personal financial risk in case of lawsuits or debts. The other options (A, B, C, and E) are advantages of sole proprietorship.

All of the Following Are Advantages of Sole Proprietorship EXCEPT