The following are advantages of sole proprietorship except

The correct answer is "assurance of raising huge capital for expansion". Sole proprietorship is a type of business ownership where one person owns and runs the business. Some advantages of sole proprietorship include quick and easy decision-making, keeping its business affairs private, and a high level of commitment from the owner. However, one disadvantage is the limited ability to raise capital, which makes it difficult to expand the business beyond the owner's personal resources. Therefore, the statement "assurance of raising huge capital for expansion" is not an advantage of sole proprietorship.