you set up a sole proprietorship and your lawyer tells you that as the owner you will face unlimited liability. what does that mean? group of answer choices the personal assets of the owners cannot be claimed if the business is bankrupt. you could stand to lose your personal wealth if the business goes bankrupt. anybody with a liability against a firm can claim only what their liability refers to. only employees can have a claim on the assets of the business.

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02-11-2022
Business

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you set up a sole proprietorship and your lawyer tells you that as the owner you will face unlimited liability. what does that mean? group of answer choices the personal assets of the owners cannot be claimed if the business is bankrupt. you could stand to lose your personal wealth if the business goes bankrupt. anybody with a liability against a firm can claim only what their liability refers to. only employees can have a claim on the assets of the business.

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