One of the major disadvantages of a sole proprietorship is
A) that there is unlimited liability to the owner.
B) the simplicity of decision making.
C) high organizational costs.
D) high operating costs.

Question

Quizplus · Accepted Answer

One of the major disadvantages of a sole proprietorship is that the owner has unlimited liability, which means that they are personally responsible for all debts and legal liabilities of the business, and their personal assets may be at risk in case of business failure or lawsuits.

One of the Major Disadvantages of a Sole Proprietorship Is