Social Sciences, asked by subhamkori893, 1 month ago

Explain the limations of sole proprietorship

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Answered by Psbe1059

0

Answer:The main disadvantages to being a sole proprietorship are: Unlimited liability: Your small business, in the form of a sole proprietorship, is personally liable for all debts and actions of the company. Unlike a corporation or an LLC, your business doesn't exist as a separate legal entity.

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Answered by Anonymous

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