One of the disadvantages of the sole proprietorship is that the owner has unlimited liability.

Name: One of the disadvantages of the sole proprietorship is that the owner has unlimited liability.
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In a sole proprietorship, the owner is personally responsible for all the debts and obligations of the business, which means their personal assets could be used to pay off business debts in the event of bankruptcy or legal actions against the business. This is known as unlimited liability.

One of the Disadvantages of the Sole Proprietorship Is That