One of the disadvantages of a sole proprietorship is that the owner is liable for the losses of the business.

Name: One of the disadvantages of a sole proprietorship is that the owner is liable for the losses of the business.
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In a sole proprietorship, the owner is personally responsible for all of the financial losses incurred by the business. This means that if the business is sued or goes bankrupt, the owner's personal assets may be at risk to cover any outstanding debts or liabilities.

One of the Disadvantages of a Sole Proprietorship Is That