Disadvantages to Operating a Sole Proprietorship

29/06/2019 10 min
Disadvantages to Operating a Sole Proprietorship

Listen "Disadvantages to Operating a Sole Proprietorship"

Episode Synopsis

Many entrepreneurs operate their business as a sole proprietorship because in the interest keeping their costs low and simplifying the business ownership process. However, there are major drawbacks to the sole proprietorship structure. Moreover, registering a small business is often easier and much more affordable than new business owners often realize.