multiple choice question\nin a sole proprietorship, any debts or damages incurred by the business are your…

multiple choice question\nin 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 \n\nlimited responsibility\n\nunlimited liability\ntaxation\nease of ownership

multiple choice question\nin 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 \n\nlimited responsibility\n\nunlimited liability\ntaxation\nease of ownership

Answer

Brief Explanations:

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.

Answer:

B. unlimited liability