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 an advantage of Sole Proprietorship
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If someone has the idea to make a profit he or she will be able to
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Complicated for beginners
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Do not require co-workers
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Do not have to pay separate business income taxes.
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Explanation:
Detailed explanation-1: -The disadvantages of a sole proprietorship include all of the following EXCEPT: The owner is generally responsible for all day-to-day activities. The advantages of a sole proprietorship include all of the following EXCEPT: The sole proprietor bears unlimited personal liability for any losses incurred by the business.
Detailed explanation-2: -Sole proprietorships are easy to establish and get started. The owner retains complete control of the business. There are no corporate income tax payments. They are less expensive than other business types. 08-Jan-2022
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