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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
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14 votes
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

User MilivojeviCH
by
4.8k points

2 Answers

5 votes

Answer: B

Explanation: I read the transcript so yea

User Sumodh S
by
5.2k points
4 votes

Answer:

The correct answer is B (Unlimited liability).

Step-by-step explanation:

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.

User Joshua Hyatt
by
5.2k points
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