Owners in a sole proprietorship or a partnership can be held personally liable for debts the company has incurred,over and beyond the investment they have made.

Name: Owners in a sole proprietorship or a partnership can be held personally liable for debts the company has incurred,over and beyond the investment they have made.
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Question

Quizplus · Accepted Answer

In a sole proprietorship or partnership, the owners do not have limited liability protection, which means their personal assets may be seized to pay off the company's debts.

Owners in a Sole Proprietorship or a Partnership Can Be