Aha Trivia Stuff Everyone Should Know
Aha Trivia: Stuff Everyone Should Know · ahatrivia.com/mb-american-business-afb4ec2796cc

In a sole proprietorship, who is liable for business debts?

The owner has unlimited liability.

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  1. The customers share the debt
  2. The government pays all debts
  3. The owner has unlimited liability ✔

Why: A sole proprietor has unlimited liability for all obligations incurred by the business, including operating costs or judgments.

Huh, didn't know that: A sole proprietor has unlimited liability for all obligations incurred by the business, including operating costs or judgments.

The dad joke
Sole proprietors carry a lot on their shoulders, and their ledgers.
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References

Answer: The owner has unlimited liability. A sole proprietor has unlimited liability for all obligations incurred by the business, including operating costs or judgments.

  1. Business en.wikipedia.org/wiki/Business
    A sole proprietor has unlimited liability for all obligations incurred by the business
    Checked 2026-11-07.

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