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Veterinary Practice Manager

Category - CVPM

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What is a major drawback to a sole proprietorship?

Can be taken over against the will of the manager
Subject to double taxation
Difficulty transferring ownership
Unlimited personal liability

Explanation

Answer: D- Unlimited personal liability is a major drawback to a sole proprietorship. Since sole proprietorships are owned and operated by one person, they carry all of the risk themselves.

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Veterinary Practice Manager

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