Question

limitations of sole proprietorship.....​

Answer 1

Disadvantages
Unlimited liability of the owner. Since a sole proprietorship does not create a separate legal entity, the business owner faces unlimited personal liability for all debts incurred by the entity. ...

Answer 2

Answer:

1. Owners are fully liable. If business debts become overwhelming, the individual owner's finances will be impacted. ...
2. Self-employment taxes apply to sole proprietorships. ...
3. Business continuity ends with the death or departure of the owner. ...
4. Raising capital is difficult.