Register
whether the liability of a sole proprietor is limited to the extent of his/her contribution in business​..
235k views
5 votes
whether the liability of a sole proprietor is limited to the extent of his/her contribution in business​..

User Nhenrique
by
3.2k points

1 Answer

2 votes

Answer: Sole proprietor has unlimited liability. Regardless of his contribution, the liability is not limited to the amount.

Step-by-step explanation:

User Sergey Fedorov
by
3.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.6m questions

4.6m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
Stevenson Company purchased equipment for $250,000 on January 1, 2010. The estimated salvage value is $50,000, and the estimated useful life is 5 years. The straight-line method is used for depreciation.
In order to attract younger customers to the Lacoste brand of clothing, CEO Robert Siegel made all of the major decisions in product planning, distribution, and promotion. He asked for no input from his
Andrew doesn’t want to spend a lot of money on student loans, and does not qualify for grants. what is his best option for affording a bachelors degree
The method of appraisal in which the appraiser estimates the replacement cost of the building, deducts depreciation, and adds the value of the site is:________
Link Copied!