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Ugo [173]
2 years ago
7

One of the major disadvantages of a sole proprietorship is the: Group of answer choices Possibility of disagreements between own

ers. Unlimited liability the owner has for the debts of the firm. Fact that any income earned by this type of business is taxed twice. High cost of starting or ending the company.
Business
1 answer:
Novosadov [1.4K]2 years ago
7 0

One of the disadvantages of a sole proprietorship is the owner's unlimited liability for the company's debts.

<h3 /><h3>What is a sole proprietorship?</h3>

It is a business structure where there is no legal personality, ie the individual is responsible for the risks inherent in the business, profits and losses. It is an easier business to start or end, where there is no legal protection or registration.

Therefore, because of the ease of startup, sole proprietorship is an advantageous way of starting a business, and a disadvantage is the unlimited liability of the owner in the business.

Find out more about sole proprietorship here:

brainly.com/question/4442710

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Dima020 [189]

She named her daughter, Jessica, as the beneficiary under the policy. Jessica has not given anything in consideration for the policy. Jessica is a donee beneficiary who has the right to enforce the policy once Susan dies.

A beneficiary is a character or entity which you legally designate to acquire the blessings out of your financial merchandise. For live coverage, this is the loss of life benefit your policy will pay in case you die. For retirement or investment bills, that is the balance of your belongings in the money owed.

Some may select a surviving partner as a named beneficiary while others might also call a child or a discern. One great purpose people buy life coverage is for peace of mind in relation to their own family, knowing that life insurance safety is in place in the event of your demise.

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7 0
1 year ago
Deciding on the best means of transportation depends on ____.
mr Goodwill [35]

Answer:

all of the above

Explanation:

because it needs to be affordable safe and comfortable

8 0
3 years ago
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alina1380 [7]

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B. International trade enables specialization, which brings increased efficiency and greater competition.

Explanation:

7 0
3 years ago
To accurately determine the financial performance of a company, it is necessary to compare the company's performance ________.
ratelena [41]

To accurately determine the financial performance of a company, it is necessary to compare its performance from <u>year to year</u>.

In order to accurately determine the financial performance of a company, financial statements are used in evaluating, which include the balance sheet,  statement of cash flows, and the income statement.

Financial performance indicators are quite necessary as they are quantifiable metrics which are used to measure how well a company is doing. Some companies also hire an outside accounting firm to audit the financial statements.

Hence, it is necessary to compare the financial performance of a company from year to year.

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brainly.com/question/17307055

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Will the government extend student loan forbearance.
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