CBSE BOARD XII, asked by raghvendrasing89, 1 year ago

Jusity the liability of solo tarder is unlimited

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Answered by hearthacker98
0

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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