Which of the following is not a disadvantage of sole proprietorships?
A) Unlimited liability
B) Lack of money
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 do have disadvantages such as unlimited liability, lack of money, lack of continuity, and limited management skills.

Which of the Following Is Not a Disadvantage of Sole