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What are Eight 8 Disadvantages of Sole Proprietorship

As per Lawkidunya, here below eight 8 disadvantages of sole proprietorship.
1.Less Financial Protection.
2.Less Legal Protection.
3.No Partners Allowed.
4.High Self-Employment Taxes.
5.Fewer Lender Approvals.
6.Taking a Day Off Means Lost Income.
7.Expensive Benefits.
8.No Board of Directors.

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