CBSE BOARD XII, asked by raghvendrasing89, 11 months ago

Jusity the liability of solo tarder is unlimited

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Answered by hearthacker98

Sole proprietors and partners have unlimited liability. This means that if you're unable to repay the debts of the business, your creditors can go after whatever your own. Therefore, a sole proprietorship or general partnership should only be run on a small scale.

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