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When it comes to financing the expansion of the business, a major hurdle for a sole proprietorship would be: Select one: a. The excessive amount
When it comes to financing the expansion of the business, a major hurdle for a sole proprietorship would be:
Select one:
a. The excessive amount of regulation compared to other business structures.
b. It is extremely difficult to transfer control of such firms to a new owner if the present owner dies or wishes to sell the firm.
c. The ability to raise equity capital or borrow money is limited to the owners personal wealth and borrowing power.
d. There can be conflicts between the owner and management.
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