select all that apply\nwhat are three advantages to a sole proprietorship?\nease of starting the…

select all that apply\nwhat are three advantages to a sole proprietorship?\nease of starting the business\npride of ownership\nability to be your own boss\nunlimited liability\nunlimited life span

select all that apply\nwhat are three advantages to a sole proprietorship?\nease of starting the business\npride of ownership\nability to be your own boss\nunlimited liability\nunlimited life span

Answer

Brief Explanations:

  1. Ease of starting the business: Sole proprietorships have minimal legal formalities for establishment.
  2. Pride of ownership: The owner has full control and can take pride in building their own business.
  3. Ability to be your own boss: The sole proprietor makes all business - related decisions independently. Unlimited liability is a disadvantage as the owner's personal assets are at risk, and a sole proprietorship does not have an unlimited life span as it is closely tied to the owner's status.

Answer:

Ease of starting the business, Pride of ownership, Ability to be your own boss