All of the following is an advantage of a sole proprietorship except:
A) creating one is easy and inexpensive
B) limited liability
C) it is not subject to double taxation
D) the owner maintains complete control of the business
E) business losses can be deducted against the sole proprietor's other sources of income

Question

Quizplus · Accepted Answer

Limited liability is not an advantage of a sole proprietorship because the owner is personally responsible for all business debts and liabilities.

All of the Following Is an Advantage of a Sole