Final answer:
In a DPP (Direct Participation Program), the liability for the debts of the business typically falls on the partners or investors who participate in the program. Each partner or investor is personally responsible for the debts incurred by the business.
Step-by-step explanation:
In a Direct Participation Program (DPP), the liability for the debts of the business typically falls on the partners or investors who participate in the program. This means that each partner or investor is personally responsible for the debts incurred by the business.
For example, in a general partnership, all partners have unlimited personal liability for the debts of the business. This means that if the business cannot pay its debts, the partners' personal assets may be used to satisfy those debts.
However, in a limited liability partnership (LLP), the partners' liability is limited to their investment in the company. This means that the owners of the business would not risk losing their personal assets if the company were to fail.