Which of the following is NOT an advantage of a sole proprietorship?
A)Minimum legal requirements to start the business
B)Firm exists until dissolved by the owner
C)Limited liability
D)None of the above

Question

Quizplus · Accepted Answer

Limited liability is not an advantage of a sole proprietorship. In a sole proprietorship, the owner is personally responsible for all debts and liabilities of the business. This means that the owner's personal assets are at risk if the business is sued or cannot pay its debts.

Which of the Following Is NOT an Advantage of a Sole