Assume that you set up a sole proprietorship and your lawyer tells you that as the owner, you could stand to lose your personal wealth if the business goes bankrupt.This means that a sole proprietorship
A) faces limited liability.
B) faces unlimited liability.
C) has little chance of succeeding.
D) is not a good type of business to set up.
Correct Answer:
Verified
Q1: Jeremy is thinking of starting up a
Q2: Which type of business is the most
Q3: What does limited liability mean?
A)The owners of
Q5: Organizing a successful firm in a market
Q6: In a typical year, _ of new
Q7: How does the owner of a sole
Q8: Jeremy is thinking of starting up a
Q9: Which type of business has the least
Q10: How do a sole proprietorship and a
Q11: Who controls a sole proprietorship?
A)stockholders
B)bondholders
C)the owner
D)all of
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