Question

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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 is an unincorporated business owned by one person. The key risk is unlimited personal liability—business debts/obligations can be satisfied using the owner’s personal assets. Option b is incorrect (sole proprietors have full control), c applies to corporations, and d is not required for sole proprietorships.

Answer:

a. Unlimited personal liability