Which of the following is a disadvantage of sole proprietor ownership? Ease and low cost of...
Which of the following is a disadvantage of sole proprietor ownership?
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Ease and low cost of formation |
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Freedom from government regulation |
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All profits to the owner |
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Unlimited liability |
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Ease of dissolution |
Homework Answers
Solution:
In the above question, the disadvantage of Sole Proprietorship ownership is : Unlimited Liability. Sole proprietorship ownership has a unlimited liability as the business and the owner are the same, in the eyes of law. As a result, the owner is personally liable for all the debts and losses made by the business.
All the other points represents advantages of Sole Proprietorship ownership i.e., Ease and Low cost of information, Freedom from government regulation, All profits to the owner and Ease of dissolution.
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