Asked by
Laura Pressley
on Nov 15, 2024
Verified
A proprietor has unlimited liability.
Unlimited Liability
A legal structure in which the owner's personal assets can be used to pay off the business's debts without limit.
Proprietor
An individual who owns a business establishment or sole proprietorship, having full control and responsibility for its operations and profits.
- Contrast diverse business organizations by examining their methods of creation, associated liabilities, and exposure to financial uncertainties.
Verified Answer
CC
Learning Objectives
- Contrast diverse business organizations by examining their methods of creation, associated liabilities, and exposure to financial uncertainties.