Sole proprietors must rely on their personal assets for capital if they want to retain ownership in the company.

Name: Sole proprietors must rely on their personal assets for capital if they want to retain ownership in the company.
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Question

Quizplus · Accepted Answer

Sole proprietors typically rely on their personal assets or personal loans to fund their business because the business is not a separate legal entity, limiting their options to raise capital without involving external ownership.

Sole Proprietors Must Rely on Their Personal Assets for Capital