Which of the following is a disadvantage of operating a business as a sole proprietorship?Multiple choice question.Single taxationPersonal liability for business debtsManagerial control of business and profitsFewer legal formalities required for business start-up compared to a corporation

Which of the following is a disadvantage of sole proprietorship?Group of answer choicesThe owner has few tax breaks.The owner retains few profitsThe business is difficult to start.The owner absorbs all losses.

Which of the following is not an advantage of operating a business as a sole proprietorship?Multiple choice question.Immunity from personal liabilityManagerial controlMinimal legal formalities in start-upSingle taxation

Which of the following is not an advantage of operating a business as a sole proprietorship?Multiple choice question.Minimal legal formalities in start-upManagerial controlSole proprietor keeps all profits from the businessArticles of organization promote managerial efficiency

Which of the following is a disadvantage of sole proprietorships?Multiple Choicesharing of profits with major stockholderslack of continuitylack of business controlstringent government regulationsabsence of a tax-exempt retirement account

Which of the following is not one of the advantages of a sole proprietorship?Multiple Choiceease and cost of formationsecrecyflexibility and control of the businessunlimited liability