Multiple Choice QuestionIn a sole proprietorship, any debts or damages incurred by the business that cannot be paid by the business are considered personal debts and the owner must pay them. This disadvantage can be termed _____.Multiple choice question.taxationlack of continuityunlimited liabilitylimited liability

Which of the following is not a disadvantage of operating a business as a sole proprietorship?Multiple choice question.Limited fundingDouble taxation of profitsAutomatic termination upon the owner's deathPersonal liability for business debts

Multiple Choice QuestionWhat is a disadvantage of sole proprietorship?Multiple choice question.Unlimited liabilityLimited government regulationYou get to keep your profitsTaxed at a lower rate

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

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 an advantage of a sole proprietorship?independence in business decisionseasy to organizekeeping all profitslimited liability