Business Studies, asked by ayushchourasiya4328, 2 months ago

Liability in sole tradership is

Answers

Answered by Braɪnlyємρєяσя

0

Explanation:

Personally Liable

Sole proprietors and partners have unlimited liability. The unlimited liability means that if you're unable to repay the debts of the business, your creditors can go after whatever you own. So you could lose any of your possessions that would allow them to recover the amount.

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