Question

is lisbility of sole proprietor limited or not?explain with example?​

Answer 1

Answer:

sole proprietor has unlimited liability. this is because there is no separate legal entity in sole trading business. the owner and business are one and the same as it is not registered.

Answer 2

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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