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Will a sole trader ownership stop a business progress?​
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30 votes
30 votes
Will a sole trader ownership stop a business progress?​

User David Coufal
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1 Answer

6 votes
6 votes

Answer:

True

Step-by-step explanation:

The given statement asserts a true claim that 'having a sole proprietor in a business mars the growth and expansion of the business' and the primary reason behind this is that his/her ability to upraise funds for further expansion is limited but the liability is unlimited. It restricts the person to enhance the business. Secondly, it is extremely difficult for a single individual to manage employees, day-to-day responsibilities, paying debts, etc. and this is why the life of most of such businesses are very short except for a few. Thus, the assertion is true.

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