Which of the following is NOT an ADVANTAGE of a sole proprietorship?
A)The owner receiving all the after-tax profit
B)Limited liability
C)Quick decision making
D)It is the simplest and least complicated form of business organization.

Question

Quizplus · Accepted Answer

Limited liability is NOT an advantage of a sole proprietorship. The owner is personally liable for all the business debts and obligations, which means their personal assets could be at risk if the business fails to pay its debts or is sued.

Which of the Following Is NOT an ADVANTAGE of a Sole