If a sole proprietorship fails, the owner may lose whatever was invested in the business, and the owner's personal assets are also at risk.

Name: If a sole proprietorship fails, the owner may lose whatever was invested in the business, and the owner's personal assets are also at risk.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Sole proprietors have unlimited liability for the debts of their business. This means that if their business gets into financial trouble they can lose their personal assets.

If a Sole Proprietorship Fails, the Owner May Lose Whatever