Torrie is thinking of starting up a small business selling hand-painted wine glasses. She is considering setting up her business as a sole proprietorship. What is one disadvantage to Torrie of setting up her business as a sole proprietorship?
A) As a sole proprietor, Torrie would face unlimited liability.
B) As a sole proprietor, Torrie would be subject to significant rules and regulations.
C) As a sole proprietor, Torrie would be taxed twice.
D) As a sole proprietor, Torrie would not have control of the business.
A
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