In a sole proprietorship, the is entitled to any profits made by the firm but is also personally liable for all of the firm's debts or obligations.

Name: In a sole proprietorship, the is entitled to any profits made by the firm but is also personally liable for all of the firm's debts or obligations.
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The sole proprietor is the owner of the business and is entitled to any profits made by the firm. However, the sole proprietor is also personally liable for all of the firm's debts or obligations.

In a Sole Proprietorship, the Is Entitled to Any Profits