A disadvantage of being a sole trader is:
A) may pay higher taxes on business income.
B) having a business that is inexpensive to start up and wind down.
C) having very little government regulation.
D) having total autonomy over business decisions.

Question

Quizplus · Accepted Answer

As a sole trader, the business income is taxed as personal income, which may result in higher taxes compared to other business structures.

A Disadvantage of Being a Sole Trader Is