Write the Disadvantages of Sole Proprietorship.

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prajapatijaimin • 3.3k

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entrepreneurship and ebusiness

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3.6 years ago by prakhar1144 ★ 5.0k

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written 3.6 years ago by

prajapatijaimin • 3.3k

Solution:

Disadvantages of Sole Proprietorship:

(1) Unlimited Liability :
- The unlimited liability of the single proprietor is a great disadvantage to him; because business debts run against his entire property and not merely against the amount invested in the business.
- This discourages the risk-taking instinct of the entrepreneur.
(2) Uncertainty …

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