The debts of the business are also the debts of the owner(s) is _________ and applies to ________.
Question
Solution 1
The statement "The debts of the business are also the debts of the owner(s)" is known as "Unlimited Liability" and it applies to "Sole Proprietorships" and "Partnerships".
Here's the step by step explanation:
- Unlimited Liability: This is a type of investment in which a business owner is person Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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