In a sole proprietorship, the owner is personally responsible without limitation for the liabilities incurred.

Name: In a sole proprietorship, the owner is personally responsible without limitation for the liabilities incurred.
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Quizplus · Accepted Answer

In a sole proprietorship, there is no legal distinction between the owner and the business, which means the owner is personally responsible for all liabilities incurred by the business without limitation.

In a Sole Proprietorship, the Owner Is Personally Responsible Without