A business that is not a separate legal entity,where any claims for business debts can be made against the owner's personal assets,is a:
A) trust.
B) sole trader.
C) proprietary company.
D) joint venture.

Question

Quizplus · Accepted Answer

A sole trader is a business structure where the owner and the business are the same legal entity, meaning that the owner is personally responsible for all business debts and liabilities. This means that any claims for business debts can be made against the owner's personal assets. Trust, proprietary company, and joint venture are separate legal entities and do not expose the owner's personal assets to business debts.

A Business That Is Not a Separate Legal Entity,where Any