Question

main risk of a sole proprietorship:
select one:
a. unlimited personal liability
b. no control
c. double taxation
d. sec reporting by default

Explanation:

A sole proprietorship has no legal separation between the owner and the business. This means the owner is personally responsible for all business debts and obligations, which is unlimited personal liability. Option b is incorrect because sole proprietors have full control. Option c applies to corporations, not sole proprietorships. Option d is incorrect as SEC reporting is not required for sole proprietorships by default.

Answer:

a. Unlimited personal liability