Which among the following is a disadvantage of sole proprietorships?
A)No specific tax advantages
B)Difficult to organize,operate,and dissolve
C)Owner has to share profits
D)Inadequate management and employee skills

Question

Quizplus · Accepted Answer

One disadvantage of sole proprietorships is that the owner may lack adequate management and employee skills. As the sole owner, they may not have the same resources or expertise as larger businesses with multiple employees or departments. This can limit the growth potential and efficiency of the business.

Which Among the Following Is a Disadvantage of Sole Proprietorships