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A recent study of employers and applicants discovered that
Unlimited Liability
The legal obligation of business owners to bear any and all debts of the business with their personal assets.
Personal Assets
Individual possessions or properties, including money, that belong to a person, not related to business assets.
Sole Proprietor
A type of business entity owned and operated by a single individual, where there is no legal distinction between the owner and the business.
Personal Fortune
A person's net worth comprised of assets, cash, and investments minus any liabilities.
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