Questions
My home Practice Quiz [non-assessed]
Single choice
What is a key feature of a sole trader business?
Options
A.a. Limited liability
B.b. Solely liable for all business debts
C.c. Separate legal entity
D.d. Requires a partnership agreement
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Step-by-Step Analysis
Question: What is a key feature of a sole trader business?
Option a: Limited liability
- This is incorrect for a sole trader. In a sole proprietorship, the owner has unlimited personal liability for business debts, meaning personal assets can be used to settle business o......Login to view full explanationLog in for full answers
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