Economy, asked by priyankasalve4216, 6 months ago

the nature of a sole trader s liability? ​

Answers

Answered by tanish4331
5

Answer:

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

Answered by bhaeshlunia10
2

Answer:

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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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