A disadvantage of operating as a sole trader is:
A)being unincorporated
B)having a business that is inexpensive to start up and wind down
C)having very little government regulation
D)having total control of business decisions

Question

Quizplus · Accepted Answer

Being unincorporated means that the business and the owner are considered the same legal entity, which could result in personal liability for any debts or legal issues faced by the business. This is a major disadvantage compared to other business structures such as a limited liability company (LLC) or corporation, which provide legal protection for the owners' personal assets.

A Disadvantage of Operating as a Sole Trader Is