multiple choice question\nthe disadvantage of sole proprietorships is that any debts or losses incurred by…

multiple choice question\nthe disadvantage of sole proprietorships is that any debts or losses incurred by the business are your debts because you and the business are legally one and you have\n\nunlimited liability\nno responsibility for the debts\nlegal protection from debt\nlimited liability

multiple choice question\nthe disadvantage of sole proprietorships is that any debts or losses incurred by the business are your debts because you and the business are legally one and you have\n\nunlimited liability\nno responsibility for the debts\nlegal protection from debt\nlimited liability

Answer

Brief Explanations:

In sole proprietorships, the owner and the business are legally the same entity. So, the owner is personally liable for all debts and losses, which is known as unlimited liability.

Answer:

unlimited liability