Which of the Following Is a Disadvantage of the Sole

Multiple Choice

Which of the following is a disadvantage of the sole proprietorship form of business organization?

A) The proprietor is personally liable for all losses incurred by the proprietorship.
B) The proprietor does not get to retain all profits of the business.
C) The proprietorship suffers double taxation.
D) Establishing the proprietorship requires more forms and other legal formalities than any other form of organization.