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slava [35]
3 years ago
15

. In a sole proprietorship, the owner a. has full liability for all business debts and obligations. b. has limited liability, on

ly liable for up to the value of her investment. c. must buy insurance to cover all liabilities. d. is liable for all business debts and obligations up to the extent of all profits taken from the business.
Business
1 answer:
bazaltina [42]3 years ago
3 0

Answer:

A

Explanation:

A sole proprietorship is a type of business that is owned by one person

<u><em>Characteristics</em></u>

1. it is owned by one person

2. the business has unlimited liability

3. the business has limited access to capital

4. the business usually lacks continuity. this type of business usually ceases to exist when the owner dies

5. the business is usually not separated from the owner

<em><u>Advantages of sole proprietorship </u></em>

  1. They are easy to establish
  2. The owner has complete control over ownership

<u><em>Disadvantages of sole proprietorship </em></u>

  1. It has a limited life span. The business usually ends when the owner dies
  2. the owner has an unlimited liability
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