One of the disadvantages of being a sole proprietor is difficulty in s

QUESTION

One of the disadvantages of being a sole proprietor is difficulty in selling or passing along the business.

Indicate whether the statement is true or false.

ANSWER

Answer: TRUE
Explanation: Although some sole proprietors are able to sell the business to someone or pass it along to their heirs as part of their estate, for many people the
business is retired or dies when they do.