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Question
multiple choice question
in a sole proprietorship, any debts or damages incurred by the business are your personal debts and you must pay them. this disadvantage is known as
limited responsibility
unlimited liability
taxation
ease of ownership
In a sole proprietorship, the owner's personal assets are at risk for business - related debts and damages, which is the concept of unlimited liability. Limited liability is the opposite where personal assets are protected. Taxation is about paying taxes and ease of ownership is about how easy it is to start/own the business, neither of which match the described disadvantage.
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B. unlimited liability