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WHAT IS THE LIABILITY IN SOLE PROPRIETORSHIPS AND PARTNERSHIP SHIPS?
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WHAT IS THE LIABILITY IN SOLE PROPRIETORSHIPS AND PARTNERSHIP SHIPS?

User Olimart
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Answer:

Sole proprietors and partners in a partnership business have unlimited liability for all debts and liabilities that occur while operating the business. This means partners and sole proprietors may lose their homes, cars and other personal assets, if the company's assets are insufficient to cover the company's debts

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User Sara Santana
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