Which organisational type results in the business owner having unlimited liability?

Question

Quizplus · Accepted Answer

A sole proprietorship is an organizational type where the business owner and the business are considered the same legal entity. This means that the owner has unlimited liability, as there is no legal separation between personal and business assets. In the event of financial loss or legal action, the owner is personally responsible for all debts and obligations of the business.

Which Organisational Type Results in the Business Owner Having Unlimited