Final answer:
Both sole proprietorship and general partnership subject the owner(s) to unlimited liability.
Step-by-step explanation:
Both sole proprietorship and general partnership subject the owner(s) to unlimited liability.
A sole proprietorship is a business owned and operated by one person, where the owner is personally responsible for all debts and liabilities of the business. This means that if the business fails or incurs debts, the owner's personal assets can be used to satisfy those obligations.
In a general partnership, two or more people share the responsibility of running the business. Each partner is personally liable for the debts and obligations of the partnership, which means that their personal assets can be used to satisfy the partnership's debts.
On the other hand, a corporation is a separate legal entity from its owners (shareholders). In a corporation, the owners have limited liability, meaning their personal assets are generally protected from the company's debts and liabilities.