If you are in a business that is faced with enormous risks of failure, which of the following would have the most risk to you as an individual?

Question

Quizplus · Accepted Answer

In a sole proprietorship, the owner is personally liable for all debts and obligations of the business. This means that if the business fails, creditors can go after the owner's personal assets, such as their home or savings, to recover owed amounts. This presents the highest risk to the individual compared to the other options where liability can be more limited or shared among partners.

If You Are in a Business That Is Faced with Enormous