Business Studies, asked by ritikaranjansingh7, 7 months ago

Liability of sole trader is ___________

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Answered by cheentaku

0

Answer:

unlimited liability

Within the sole trader arrangement, one person is legally responsible for all aspects of their business and are personally liable for their business finances. This is known as unlimited liability. Unlimited liability means that there is no legal distinction between a business's finances and the owner's finances.

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