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florida1014 florida1014
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3 weeks ago
Which of the following is a disadvantage of a sole proprietorship?

▸ Paid vacation time is limited to two weeks per year.

▸ There are no support groups specifically designed for sole proprietors to seek council on key decisions.

▸ They usually have fewer financial resources and fewer ways to get funds from lenders or investors.

▸ Social media sites can be hard to manage.

▸ There is a smaller limit on personal liability.
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Business in Action

Business in Action


Edition: 9th
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jewelzzPjewelzzP
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They usually have fewer financial resources and fewer ways to get funds from lenders or investors.

Because they depend on a single owner, sole proprietorships usually have fewer financial resources and fewer ways to get additional funds from lenders or investors. This lack of capital can hamper a small business in many ways, limiting its ability to expand, to hire the best employees, and to survive rough economic periods.
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