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Disadvantages of Sole Proprietorships
![Sole proprietorships have unlimited liability](../../../../../../../../../figures.boundless-cdn.com/14786/full/1622389-fa0934a8.jpeg)
Sole proprietorships have unlimited liability
A sole proprietor will be responsible for all the costs and debts of their company.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"Discount Beds, Galashiels (C) Walter Baxter :: Geograph Britain and Ireland."
http://www.geograph.org.uk/photo/1622389
Geograph
CC BY-SA.