Foundations of Business (Standalone Book) (MindTap Course List)
Foundations of Business (Standalone Book) (MindTap Course List)
5th Edition
ISBN: 9781305511064
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
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Chapter 4.1C, Problem 3CC
Summary Introduction

To determine: The disadvantages of sole proprietorship.

Introduction: A sole proprietorship is a business that is owned and managed by one individual and the least complex type of business to begin the business, organize, and close the business. A single individual claims, oversees and directs all the business actions and the person who runs the business is called as a sole proprietor.

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