Which of these statements is true in regard to the sole proprietorship form of business
A) You are required to share profits with others
B) If you die, the business continues.
C) If the company borrows money from a bank, you are not personally liable for the debt
D) It makes financing more difficult

Question

Quizplus · Accepted Answer

Sole proprietorships often face challenges in securing financing because they rely on the owner's personal credit and resources, making it harder to obtain loans compared to other business structures.

Which of These Statements Is True in Regard to the Sole