advantage sole proprietorship quizlet

Which of the following is an advantage of a sole proprietorship quizlet

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Which of the following is an advantage of sole proprietor?

4 advantages of a sole proprietorship 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.

Which of the following is an advantage of a sole proprietorship answers?

Answer and Explanation: The correct answer is: E. It is easy and inexpensive to form. A sole proprietorship is a business structure that is owned by one person.

Which one of the following is not an advantage of a sole proprietorship?

Unlimited liability (option a) is not an advantage of a proprietorship. Unlimited liability is an undesirable feature for a proprietorship because it means that the owner of the enterprise is personally responsible for all debts.

What is not an advantage of a sole proprietorship quizlet?

The disadvantages of sole proprietorship are unlimited personel financial liability, limited management and employee skills, limited life, and limited availability of money.

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