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    Exam 5: Business Formation: Choosing the Form That Fits
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    What Type of Liability Do Sole Proprietors Have for the Debts
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What Type of Liability Do Sole Proprietors Have for the Debts

Question 66

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

Correct Answer:

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