Question

state any two disadvantages of sole proprietary organization​

Answer 1

Answer:

The sole proprietor of a business is generally at a disadvantage in raising sufficient capital. His own capital may be limited and his personal assets may also be insufficient for raising loans against their security. This reduces the scope of business growth.

Answer 2

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❥ʟɪᴍɪᴛᴀᴛɪᴏɴ ᴏғ ᴄᴀᴘɪᴛᴀʟ:

ᴛʜᴇ sᴏʟᴇ ᴘʀᴏᴘʀɪᴇᴛᴏʀ ᴏғ ᴀ ʙᴜsɪɴᴇss ɪs ɢᴇɴᴇʀᴀʟʟʏ ᴀᴛ ᴀ ᴅɪsᴀᴅᴠᴀɴᴛᴀɢᴇ ɪɴ ʀᴀɪsɪɴɢ sᴜғғɪᴄɪᴇɴᴛ ᴄᴀᴘɪᴛᴀʟ. ʜɪs ᴏᴡɴ ᴄᴀᴘɪᴛᴀʟ ᴍᴀʏ ʙᴇ ʟɪᴍɪᴛᴇᴅ ᴀɴᴅ ʜɪs ᴘᴇʀsᴏɴᴀʟ ᴀssᴇᴛs ᴍᴀʏ ᴀʟsᴏ ʙᴇ ɪɴsᴜғғɪᴄɪᴇɴᴛ ғᴏʀ ʀᴀɪsɪɴɢ ʟᴏᴀɴs ᴀɢᴀɪɴsᴛ ᴛʜᴇɪʀ sᴇᴄᴜʀɪᴛʏ. ᴛʜɪs ʀᴇᴅᴜᴄᴇs ᴛʜᴇ sᴄᴏᴘᴇ ᴏғ ʙᴜsɪɴᴇss ɢʀᴏᴡᴛʜ.

Explanation:

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