Which describes the liability of an owner of a sole proprietorship?

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Brie

Business

31 December, 22:37

Which describes the liability of an owner of a sole proprietorship?

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Charisma · Answer 1

A sole proprietorship is a DBA, a type of unincorporated business that is an individual doing business under a new name. The business is not legally separate from the individual owner; if the business is sued, it's the individual owner (the sole proprietor) that is being sued.