Question

what is the liability of owner in sole proprietorship​

Answer 1

Explanation:

Personally Liable

Sole proprietors and partners have unlimited liability. The unlimited liabilitymeans 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.

Answer 2

Answer:

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.