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14 December, 20:04

In which form of business is a single individual responsible for the repayment of any debts? proprietorship. corporation. partnership. family-run business?

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  1. 14 December, 23:54
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    In which form of business is a single individual responsible for the repayment of any debts? Proprietorship. In a proprietorship, a sole person owns a business. Because they are the sole owner they are responsible for paying income taxes on profits earned from the business and also repayment of debt. A proprietorship is the simplest business a person can own and operate under.
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