Question

Brian is the sole proprietor of Long Voyage Software, which generates maps for nature trails. He started the business with an initial investment of $80,000. A faulty map caused one customer to get hopelessly lost. After her rescue and recuperation, she sued Long Voyage for $5,000,000. Which of the following is true?

Answer 1

If $5,000,000 is awarded to its customer, Brian is personally responsible for paying all of it.

Step-by-step explanation:

Sole proprietorship ownership is the most prosperous business to establish. A person who owns the company makes all the business decision by himself, gets all the profits, and incurs all of its losses is called a sole proprietorship business organization. According to the definition and the question, as Brian is the owner of Long Voyage, she is responsible for paying damages.