Sole proprietorships have all of the following advantages EXCEPT ______.
A) ease of formation
B) unlimited life
C) ease of liquidation
D) profits subject only to a single tax

Question

Quizplus · Accepted Answer

Sole proprietorships do not have unlimited life as they terminate upon the death of the owner or upon the owner's decision to discontinue the business. The other options listed are advantages of sole proprietorships.

Sole Proprietorships Have All of the Following Advantages EXCEPT ______