In a sole proprietorship,the owner is responsible for the debts of the business if the firm is unable to pay.

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In a sole proprietorship, the owner and the business are considered the same entity, which means that the owner is personally liable for any debts or obligations of the business. This means that the owner's personal assets can be at risk if the business is unable to pay its debts.

In a Sole Proprietorship,the Owner Is Responsible for the Debts