Question

multiple choice question
unlimited liability as it relates to sole proprietorships is the risk of ______.
o losing money rather than making a profit
o losing ones personal freedom to run the business
o losing your personal assets
o unlimited taxation

Explanation:

In a sole proprietorship, the owner is personally liable for all debts and obligations of the business. This means personal assets can be used to satisfy business - related debts.

Answer:

losing your personal assets