Which of the following is a disadvantage of sole proprietor ownership?
A)Ease and low cost of formation
B)Freedom from government regulation
C)All profits to the owner
D)Unlimited liability
E)Ease of dissolution

Question

Quizplus · Accepted Answer

The primary disadvantage of sole proprietorship among the options listed is unlimited liability. This means that the owner is personally responsible for all the debts and obligations of the business, which can put personal assets at risk.

Which of the Following Is a Disadvantage of Sole Proprietor