Which of the following is not a disadvantage of sole proprietorships?
A) unlimited liability
B) lack of capital
C) double taxation
D) lack of continuity
E) limited management skills

Question

Quizplus · Accepted Answer

Double taxation is a disadvantage of corporations, not sole proprietorships. Sole proprietorships have unlimited liability, lack of capital, lack of continuity, and limited management skills as potential disadvantages.

Which of the Following Is Not a Disadvantage of Sole