Question

Explain whether the liability of a sole proprietor is limited to the extent of his share in business ?​

Answer 1

$\mathfrak{\underline{\underline{\huge{\pink{@nswer}}}}}$ ❥

Sole Proprietor : Sole Proprietor is a person who carries out business all alone.

Being alone a sole proprietor take aways all profit of the business as there is no one to share profit with but when it comes to liability it's unlimited.

Therefore, the liability of the of the sole proprietor is not till the extent of business

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