Asked by Apiwe Xozwa on May 19, 2024

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A proprietor's opportunity to raise capital for a sole proprietorship is limited.

Capital

Financial assets or other resources available to individuals or businesses to fund operations, investments, or growth.

Sole Proprietorship

A business structure where a single individual owns and operates the business, bearing unlimited personal liability.

Proprietor's Opportunity

This term is not commonly defined in financial or business glossaries as a standalone concept. It may refer to entrepreneurial opportunities or advantages available to a business owner but lacks a standard definition.

  • Identify how the decision on the form of business affects liability and tax commitments.
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BO
Bella OranskyMay 25, 2024
Final Answer :
True
Explanation :
In a sole proprietorship, the owner's ability to raise capital is typically limited to their personal funds and loans they can secure personally, as they cannot sell stock or shares in the business.