All of the following are methods that a sole proprietorship can raise money except
A) Sell ownership in the business.
B) Private loans.
C) Commercial loans.
D) Line of credit.

Question

Quizplus · Accepted Answer

Sole proprietorships cannot sell ownership in the business because they are owned by a single individual. Selling ownership would effectively change the business structure, making it no longer a sole proprietorship.

All of the Following Are Methods That a Sole Proprietorship