what is sole proprietor feature
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In the sole proprietorship business, the sole owner has unlimited liability. In this case, the owner is himself liable to pay all the liabilities. Hence, he is personally liable for all the debt which can be recovered by his personal estate when funds are insufficient.
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In the sole proprietorship business, the sole owner has unlimited liability. In this case, the owner is himself liable to pay all the liabilities. ... Hence, he is personally liable for all the debt which can be recovered by his personal estate when funds are insufficient.
MR TOXIC 999
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