Which of the following statements is incorrect?
A) Partnerships have unlimited liability.
B) Most sole proprietors raise money by borrowing from banks.
C) An advantage of sole proprietorships is that the owner has complete control.
D) S corporations are considered a hybrid organization.

Question

Quizplus · Accepted Answer

Most sole proprietors often face challenges in borrowing from banks due to lack of collateral or credit history, making it difficult to raise money through this method.

Which of the Following Statements Is Incorrect