Business Studies, asked by paulkuriah34, 10 months ago

Describe the problems associated with a sole proprietorship form of business

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Answered by Anonymous
4

Answer:

Sole proprietors are held personally responsible for any lawsuits, debts and other obligations that may arise while operating the business. This means a sole proprietor could potentially lose their car, home, jewelry and other personal assets if the company gets sued, or has debts beyond the company's assets

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