A sole proprietor's personal assets are protected from any liability associated with the business.

Name: A sole proprietor's personal assets are protected from any liability associated with the business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A sole proprietorship does not offer limited liability protection, which means the owner's personal assets are not protected from business liabilities. In case of any lawsuit or debt, the owner's personal assets can be used to pay off the debts.

A Sole Proprietor's Personal Assets Are Protected from Any Liability