Which of the following is NOT considered a weakness of the sole proprietorship?

Question

Quizplus · Accepted Answer

Simplicity is generally considered a strength of the sole proprietorship, as it allows for easy and inexpensive formation and decision-making without the need for complex organizational structures or formalities. The other options are weaknesses of the sole proprietorship, including limited life (as the business is tied to the life of the owner), unlimited personal liability (as the owner is personally responsible for all debts and obligations of the business), and limited access to capital (as the owner may have difficulty obtaining financing without the support of other investors).

Which of the Following Is NOT Considered a Weakness of the Sole