Asked by Evaristo Perez on Apr 27, 2024
Verified
Ease of raising money by selling stock is the most significant financial advantage of the sole proprietorship form.
Sole Proprietorship
A business owned and operated by a single individual, where there is no legal distinction between the owner and the business.
Raising Money
The process by which businesses and other entities obtain capital from external sources to finance operations, projects, or expansions.
- Comprehend the pros and cons associated with different organizational forms.
Verified Answer
ZK
Zybrea Knight
May 03, 2024
Final Answer :
False
Explanation :
The sole proprietorship form does not allow for the selling of stock as ownership of the business is held entirely by one individual. Therefore, this is not a financial advantage of this business form.
Learning Objectives
- Comprehend the pros and cons associated with different organizational forms.