What Type of Liability Do Sole Proprietors Have for the Debts

question 66

Multiple Choice

What type of liability do sole proprietors have for the debts of their companies?

• A) shared liability
• B) unlimited liability
• C) limited liability
• D) no liability

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Definitions:

Ongoing Counseling

Continuous therapeutic support provided over a period of time to help individuals cope with challenges and improve their mental health.

Scheduled Component

Refers to parts or aspects of a project, maintenance, or production that are planned and executed at a specific time.

Professional Counselors

Licensed professionals who offer guidance and support to individuals, couples, and families dealing with emotional, mental, and behavioral issues.

Crisis Intervention

A type of emergency psychological care aimed at assisting individuals in a crisis situation to restore equilibrium to their biopsychosocial functioning and minimize potential psychological trauma.