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Only the business can be held liable, not the individual.
What else can I help you with?
What are the functions of management of sole proprietor?
Function of sole proprietor
Who is a sole proprietor?
A sole proprietor is a person who owns the business and is personally responsible for it debts.
What is a true statement about soul proprior ship?
That it is spelled sole proprietorship. It is a business owned by one person- a sole (single) proprietor.
What is a sole trader organization?
Sole proprietor
What is sole proprietor?
A sole proprietor is someone who owns there own business. A newspaper stand for example. If you invest your money into your business, then create and run it ALL BY YOUR SELF, then the business is called a sole proprietorship, and you are the sole proprietor.
Who are the true owners of a sole proprietorship?
The true owner is as it states a sole proprietor. One person owns and controls all aspects of the business and accepts all liabilities of said company.
What is a sentence using the word sole?
This person is sole proprietor of the building.
How is a theft loss on inventory claimed on a sole proprietor's tax return?
theft loss of inventory on sole proprietor. how is it handled on tax return
What are objectives of a sole proprietor?
quick decision
Can a garnishment be put against a sole proprietor?
A garnishment can be put against a sole proprietor to settle a debt. Despite their working situation, they are still under obligation.
Can you give me some examples of famous companies operating as sole proprietor ship business?
James C. Penney Founder of J.C Penney, He is a Sole Proprietor.
Who is a famous sole proprietor in the US?
Sam Walton
