The most critical disadvantage of the sole proprietorship is ________.
A)the owner's unlimited personal liability
B)limited access to capital
C)lack of continuity
D)limited skills and abilities of the owner

Question

Quizplus · Accepted Answer

The most critical disadvantage of the sole proprietorship is the owner's unlimited personal liability, which means that the owner is personally responsible for all the debts and obligations of the business, even if it means using personal assets to pay off business debts.

The Most Critical Disadvantage of the Sole Proprietorship Is ________