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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Learn It 4-1

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Q 1.All of the following are advantages of sole proprietorships except ________. 2.To form a sole proprietorship, owners are not required to fill out any special forms or pay any fees. To which of the advantages of sole proprietorships does this refer? 3.The owner of a sole proprietorship is personally responsible for any debt a business incurs refers to which disadvantage of sole proprietorships?

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1. unlimited liability 2.Ease of start-up and closure