5 Questions
What is a characteristic of a sole proprietorship?
Unlimited liability
What is a disadvantage of a sole proprietorship regarding debts?
Debts can only be recovered from the proprietor
What type of business is a sole proprietorship best suited for?
Small businesses
What is required to start a sole proprietorship?
A government registration relevant to the business
What might a sole proprietor need if selling goods online?
A sales tax registration
Test your knowledge on the features of sole proprietorship, including its unlimited liability and suitability for small businesses. Explore the risks and benefits of this business structure in this informative quiz.
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