Question

What kinds of liabilities are sole proprietors subject to?

Answer 1

Any! They are personally responsible not only for debts, but also any liabilities that arise out of doing business. For example, someone who trips and falls on "company" property could sue the sole proprietor.

Answer 2

they have unlimited liabilities.in case of bankruptcy, they use their own assets to finance their debts

Answer 3

I don't get it but thanks anyways

Answer 4

you are welcomed