Question
Darrellis sure he would like to be a sole proprietor of his business, but he knows he should
weigh the pros and cons of that decision. What would be a disadvantage of sole proprietorship
for Darrell?
(1 point)
He would be the only owner and make all the decisions
He would be liable or legally responsible for all debts,
○ He would be subject to very few government regulations
○ He would be eligible to receive all after-tax income eamed in the business.
weigh the pros and cons of that decision. What would be a disadvantage of sole proprietorship
for Darrell?
(1 point)
He would be the only owner and make all the decisions
He would be liable or legally responsible for all debts,
○ He would be subject to very few government regulations
○ He would be eligible to receive all after-tax income eamed in the business.
Answers
There are no human answers yet.
Answered by
GPT-4o mini
A disadvantage of sole proprietorship for Darrell would be:
**He would be liable or legally responsible for all debts.**
In a sole proprietorship, the owner is personally responsible for all debts and obligations of the business, which means that personal assets could be at risk if the business encounters financial difficulties.
**He would be liable or legally responsible for all debts.**
In a sole proprietorship, the owner is personally responsible for all debts and obligations of the business, which means that personal assets could be at risk if the business encounters financial difficulties.
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