GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of these is not a disadvantage of Sole Proprietorship
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Unlimited liability
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Easy raising capital
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The small size of Sole Proprietorship
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Limited managerial experience
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Explanation:
Detailed explanation-1: -Among one of the biggest disadvantages of a sole proprietorship is unlimited liability. This liability not only spans the business but the business owner’s personal assets. Debt collectors can access your savings, property, cars, and more to see a debt repaid.
Detailed explanation-2: -Less Financial Protection. Less Legal Protection. No Partners Allowed. High Self-Employment Taxes. Fewer Lender Approvals. Taking a Day Off Means Lost Income. Expensive Benefits. No Board of Directors. More items •28-Nov-2022
There is 1 question to complete.