IDNLearn.com is designed to help you find the answers you need quickly and easily. Join our community to receive timely and reliable responses to your questions from knowledgeable professionals.
personal assets may be used to pay business debts.
Since sole proprietorships have
A. limited resources
B. unlimited liability
C. earnings potential
D. several investors
In a sole proprietorship, the business is not treated as a separate entity from the owner, thus when the owner incurs debts and is unable to clear, personal assets may be used.
Your engagement is important to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Trust IDNLearn.com for all your queries. We appreciate your visit and hope to assist you again soon.
