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Author Question: Sole proprietors have _________ for the debts of their companies. A. no liability B. limited ... (Read 68 times)

clmills979

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on: Jul 14, 2018
Sole proprietors have _________ for the debts of their companies.
  A. no liability
 
  B. limited liability
 
  C. unlimited liability
 
  D. shared liability
 Fill in the blank(s) with correct word

Question 2

Which of the following is an advantage of a sole proprietorship?
 A) The owner has unlimited liability.
  B) The business ceases to exist when the owner dies.
  C) There is a limit to the amount one person can borrow.
  D) Profits are taxed as individual income.
  E) The owner enjoys lack of continuity.


elyse44

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Reply #1 on: Jul 14, 2018
Answer to Question 1

unlimited liability

Answer to Question 2

D


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