Problem: The most common way to run a business in the United States is a sole proprietorship. What is the main DISADVANTAGE of running a business in this format? You are the boss and what you say goes. You are the business and you are entitled to all the profits, but you will be taxed. Personal responsibility. If someone is injured at your establishment, if you are found liable for the damages, your personal assets, such as your business, personal property, real estate, and any other assets you have, must be used to cover monetary damages. All previous