9
answers
0
watching
579
views
4 Nov 2018
14. Assume that you set up a sole proprietorship and your lawyer tells you that as the owner you will face unlimited liability. What does that mean? a. You are liable for organizing the business. b. You could stand to lose your personal wealth if the business goes bankrupt. c. There is no legal responsibility of the business in case a customer sues, as the business is legally untouchable. d. None of these explain what unlimited liability means.
14. Assume that you set up a sole proprietorship and your lawyer tells you that as the owner you will face unlimited liability. What does that mean? a. You are liable for organizing the business. b. You could stand to lose your personal wealth if the business goes bankrupt. c. There is no legal responsibility of the business in case a customer sues, as the business is legally untouchable. d. None of these explain what unlimited liability means.
marcusnicole284Lv10
29 Jun 2023
yournotesbuddyLv10
24 Mar 2023
Already have an account? Log in
larryrambo777Lv10
23 Mar 2023
Already have an account? Log in
Jamar FerryLv2
6 Nov 2018
Already have an account? Log in