The liability of a Sole Proprietor limited to extent ______.

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KollegeApply · Accepted Answer

The liability of a Sole Proprietor limited to extent value of the business as well his all private assets. Explanation: The owner’s liability in a lone proprietorship is unlimited. This means that the owner must utilise personal assets (such as a home, money, etc.) to pay off obligations if the company is unable to do so.

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