If a sole proprietorship fails,the owner may lose whatever was invested in the business,but the owner's personal assets are not at risk.

Name: If a sole proprietorship fails,the owner may lose whatever was invested in the business,but the owner's personal assets are not at risk.
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Question

Quizplus · Accepted Answer

In a sole proprietorship, there is no legal distinction between the business and the owner, so the owner's personal assets are at risk if the business fails.

If a Sole Proprietorship Fails,the Owner May Lose Whatever Was