Asked by Bailey Hasler on May 02, 2024
Verified
A major disadvantage of the proprietorship form is the difficulty of raising money.
Proprietorship Form
A business structure owned by a single individual where there's no legal distinction between the owner and the business.
Raising Money
Raising money involves securing funds for a company or project through various means like debt, equity, or grants.
- Identify the benefits and drawbacks of various business structures.
Verified Answer
ZK
Zybrea Knight
May 05, 2024
Final Answer :
True
Explanation :
Proprietorships are typically owned by one individual, which can make it challenging to raise funds since there is only one source of capital.
Learning Objectives
- Identify the benefits and drawbacks of various business structures.