Which of the following choices is a disadvantage of organizing a business as a sole proprietorship?(1 point)
Responses
A sole proprietorship is the most complicated form of business organization.
The sole proprietor has the responsibility to make all business decisions.
The sole proprietor must complete both personal and business income taxes.
The sole proprietor must personally guarantee all bank loans.
1 answer
- The sole proprietor must personally guarantee all bank loans.
1 answer