If the sole proprietorship acquires a legal business name, the owner then has limited liability.

Name: If the sole proprietorship acquires a legal business name, the owner then has limited liability.
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Quizplus · Accepted Answer

Acquiring a legal business name does not provide limited liability for the owner of a sole proprietorship. The owner remains personally responsible for all business debts and liabilities. Limited liability is typically only provided to owners of corporations or limited liability companies (LLCs).

If the Sole Proprietorship Acquires a Legal Business Name, the Owner