In a sole proprietor ownership,if business assets are not enough to pay business debts,then personal assets,such as the sole proprietor's house,personal investments,and retirement plans can be used to pay the debt.This is called ________.
A) unlimited liability
B) limited liability
C) non-liability
D) double taxation
E) sole liability

Question

Quizplus · Accepted Answer

The Answer is A

In a Sole Proprietor Ownership,if Business Assets Are Not Enough