menu
QAmmunity.org
Login
Register
My account
Edit my Profile
Private messages
My favorites
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
5 Disadvantage of sole proprietorship?
asked
Jul 28, 2021
105k
views
5
votes
5 Disadvantage of sole proprietorship?
Business
college
Ish
asked
by
Ish
8.2k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1
Answer
3
votes
you are personally liable for all debts of the company, you can’t use business write offs, it’s harder to get a business loan, self employment taxes, raising capital is difficult, business continuity dies with its owner.
Tordanik
answered
Aug 3, 2021
by
Tordanik
8.8k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← Prev Question
Next Question →
Related questions
asked
May 10, 2024
167k
views
A major disadvantage of the sole proprietorship is: a. the sole proprietor obtains all of the profits. b. no organizational fees. c. the sole proprietor is free to make all business decisions concerning
JoshBaltzell
asked
May 10, 2024
by
JoshBaltzell
8.0k
points
Business
high-school
1
answer
1
vote
167k
views
asked
Jun 24, 2024
228k
views
The principal disadvantage of a sole proprietorship is that it is hard to set up. A) It is hard to set up. B) Limited access to capital. C) Tax complexities. D) The owner is personally responsible for
Blue Island
asked
Jun 24, 2024
by
Blue Island
8.3k
points
Business
high-school
1
answer
0
votes
228k
views
asked
May 18, 2024
8.2k
views
In a sole proprietorship, any debts or damages incurred by the business that cannot be paid by the business are your personal debts and you must pay them. This disadvantage is known as ______.
Hai Hw
asked
May 18, 2024
by
Hai Hw
8.5k
points
Business
high-school
1
answer
5
votes
8.2k
views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.
9.4m
questions
12.2m
answers
Other Questions
Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search QAmmunity.org