Sole proprietorship will have a detrimental effect on the business due toInsolvency of owner
(ii) Death of owner
(iii) insanity of owner
(iv) all of the above
(v) none of the above.
(i) Insolvency of owner
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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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a bit difficult oh my gosh
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