The Sole Proprietorship Is the Same as the Individual for Liability

question 34

True/False

The sole proprietorship is the same as the individual for liability purposes.

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Definitions:

United States

A country in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions, noted for its diverse geography and cultural wealth.

Canada

is a country located in the northern part of North America, known for its vast landscapes, multicultural cities, and bilingual (English and French) cultural heritage.

Liquefied Natural Gas

Natural gas that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport.

Methane

A potent greenhouse gas with a molecular structure of one carbon atom and four hydrogen atoms, contributing significantly to global warming.