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2 June, 09:01

If the sole proprietorship acquires a legal business name, the owner then has limited liability. Group of answer choices True False

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  1. 2 June, 10:36
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    False

    Explanation:

    The characteristics of a sole proprietorship are as stated below;

    Sole proprietorship is the simplest and easiest form of business setups The personal responsibility of the owner are unlimited. The business is owned by one person The business is taxed based on the personal income of the owner

    From these characteristics, if the sole proprietorship acquires a legal business name, the owner then has unlimited liability.
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