the nature of a sole trader s liability?
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Personal Liability
Sole proprietors are personally liable for business debts. If a business account is delinquent, a creditor can enforce a judgment against assets you have designated for the business and your personal assets, including your family bank accounts and your house
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Explanation:
Unlimited liability:
Proprietor is liable for all the debts of the business. In case the assets are insufficient to meet the debts, the personal property of the proprietor can be attached.
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