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Mathematics with Business Applications6th EditionMcGraw-Hill Education 3,760 solutions Business Math17th EditionMary Hansen 3,734 solutions Fundamentals of Financial Management, Concise Edition10th EditionEugene F. Brigham, Joel Houston 777 solutions Which of the following is a disadvantage of operating as a sole proprietorship?Unlimited liability
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.
Which of the following is a disadvantage of a corporation compared to a sole proprietorship quizlet?Terms in this set (15)
A disadvantage of corporations is that an owner must get the approval of all other owners before selling his or her interest in the firm to another investor. One of the strengths of the sole proprietorship is its ability to sustain rapid growth by raising large amounts of financial resources.
Which of the following is not an advantage of operating as a sole proprietorship?Answer and Explanation: 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.
Which of the following is not an advantage of a sole proprietorship quizlet?Which of the following is not a advantage of sole proprietorship? anything left out of income after expenses have been deducted. Both the sole proprietorship and the partnership have unlimited liability.
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Which of the following is a disadvantage of operating as a sole proprietorship quizlet?
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