Which Among the Following Is a Disadvantage of Sole Proprietorships

question 29

Multiple Choice

Which among the following is a disadvantage of sole proprietorships?

• A) Its owner gets no specific tax advantages.
• B) Its owner has to share control with others.
• C) Its owner has to share profits.
• D) Its owner has unlimited liability for the firm's debt.

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Definitions:

Co-custody

A legal arrangement where both parents share custody of their child or children following a divorce or separation.

Phases of Separation

Stages individuals or couples go through when ending a relationship or marriage, including emotional detachment, legal proceedings, and adjustment to single life.

Micro-level Reasons

Explanations or factors that concern individual or small group dynamics and influences, often detailed and personal.

Divorce

The legal dissolution of a marriage by a court or other competent body, terminating the marital union and its legal duties and responsibilities.