A MAJOR DISADVANTAGE OF A SOLE PROPRIETORSHIP IN FACT THAT:
A) IT IS EXPENSIVE
B) THE OWNER HAS UNLIMITED PERSONAL LIABILITY
C) IT IS EASY TO FINANCE GROWTH
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B) the owner has unlimited personal liability.
The major problem that is usually associated with the sole trader as one of the major business organizations is that the business owner is usually liable for the losses that the business may incur. As a result, the owner will be liable for those losses with the possibility of losing some of the personal assets to pay these debts.
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