Business Studies · Forms of Business Organisations
Which of the following points is typically characterized as a disadvantage, rather than an advantage, of a Sole Proprietorship?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1You face completely unlimited personal liability for business debts✓
- 2You maintain maximum direct operational privacy
- 3You keep all the profits generated
- 4You are your own boss
Correct answer
You face completely unlimited personal liability for business debts
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