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Does a sole p...

Question

Does a sole proprietorship owner have limited liability?

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Solution

No, a sole proprietorship owner has unlimited liability towards the business.

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Similar questions

Q. Select the proper option from the options given below and rewrite the completed sentences.

A sole proprietorship has ________ owner/owners.
(a) one
(b) two
(c) unlimited.

What do you understand by a sole proprietorship firm? Explain its merits and limitation?

Q. Fill in the blanks:
(a) Sole proprietorship is the _______ from of business enterprises, (latest / oldest)
(b) Sole proprietorship is most suitable form for _______ business, (small / large)
(c) Liability of a sole proprietor is ________ (limited / unlimited)
(d) Sole proprietorship _______ a separate legal entity, (has / does not have)
(e) It is ______ to set up a sole proprietorship firm,(easy / difficult)

What is the liability of a sole proprietorship?

Q. Is liability of sole proprietor limited or not?

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