Business Studies, asked by rajooo37, 9 months ago

Himilation of sole proprietorship

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Answered by imraushanraaz

0

Explanation:

Disadvantages of a sole proprietorship

Personally liable for lawsuits: Sole proprietors are personally responsible for all aspects of the company's financial situation.Higher taxes: Individuals who own sole proprietorships are responsible for paying the income tax and self-employment tax for the business's income.

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