A sole proprietor has unlimited liability; his or her total investment in a business,but not his or her personal assets,can be taken to satisfy creditors.

Name: A sole proprietor has unlimited liability; his or her total investment in a business,but not his or her personal assets,can be taken to satisfy creditors.
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Question

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In a sole proprietorship, the owner has unlimited liability, meaning both business and personal assets can be used to satisfy business debts.

A Sole Proprietor Has Unlimited Liability; His or Her Total