What advantages does a sole proprietorship offer? What is a major drawback of this type of organization?© BrainMass Inc. brainmass.com June 3, 2020, 6:14 pm ad1c9bdddf
In the sole proprietorship one person is fully and personally liable for all the obligations of the business including its debts. He/she is also entitled to all of its profits and exercises complete managerial control. There is simply too much responsibility on one person's shoulders and this creates a very risky ...
This solution discusses some of the advantages that a sole proprietorship offers.