What is the liability in sole proprietorships and partnerships??

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asked May 6, 2023 152k views

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Axel Wolf · Answer 1 · 2023-05-12T23:39:55+0000

Answer:

Sole proprietors and partners have unlimited liability. The unlimited liability means that if you're unable to repay the debts of the business, your creditors can go after whatever you own.

What is the liability in sole proprietorships and partnerships??

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