C-04-Q208mediumsingle_mcq
Why is the owner's liability "unlimited" in a Sole Proprietorship Business?
Why is the owner's liability "unlimited" in a Sole Proprietorship Business?
- aBecause there is no legal entity separate from owner; personal property is liable
- bBecause the government guarantees it
- cBecause shares are issued
- dBecause partners share losses