In which type of organization does a business owner have unlimited liability?

Name: In which type of organization does a business owner have unlimited liability?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In a sole proprietorship, the business owner is personally liable for all debts and legal issues associated with the business, therefore having unlimited liability. In contrast, corporations, limited partnerships, and LLCs provide some level of protection for the business owner's personal assets.

In Which Type of Organization Does a Business Owner Have