Business Studies, asked by umeshdhane9205, 11 months ago

Explain whether the liability of a sole propertier is limited to the extent of his share in business

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Answered by dadslover919
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The liability of a sole proprietorship is not limited to the extent of his share in business. ... The sole proprietor is personally liable for all business obligations. His own funds can be used if the business profits are insufficient to meet the losses of business.

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