One disadvantage of a sole proprietorship business entity is that it is restricted to a single location and cannot expand.

Question

Quizplus · Accepted Answer

This statement is false. While a sole proprietorship is owned and operated by one person, it is not restricted to a single location and can expand to multiple locations. However, expanding a sole proprietorship may require additional legal and financial considerations.

One Disadvantage of a Sole Proprietorship Business Entity Is That