If a person,operating a business as a sole proprietor,owes money to business creditors,those creditors may collect only from the assets of the business itself.

Name: If a person,operating a business as a sole proprietor,owes money to business creditors,those creditors may collect only from the assets of the business itself.
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Question

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In a sole proprietorship, the owner is personally liable for business debts, meaning creditors can pursue both business and personal assets.

If a Person,operating a Business as a Sole Proprietor,owes Money