Question

How is the liability of owner in sole proprietorship?​

Answer 1

Answer:

Sole proprietors have unlimited personal liability. There is no legal distinction between the owner and the business. This means that creditors of the business and individuals who have other claims against the owner can reach both the owner's business and personal assets

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Answer 2

Hello !

Sole proprietors have unlimited personal liability. There is no legal distinction between the owner and the business. This means that creditors of the business and individuals who have other claims against the owner can reach both the owner's business and personal assets.

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