Question

17) Your friend Paul is considering starting a web-page development business. He asks you about the features of sole proprietorship, as a form of business organisation. In discussing the costs and benefits you should tell Paul about all of the following except: a) b) It may be difficult for a sole proprietorship to obtain a bank loan As a sole proprietor, Paul should be concerned about unlimited liability As a sole proprietor, it may be difficult for Paul to close down his business As a sole proprietor, Paul must deal with limited managerial and financial resources d)