As per Lawkidunya, sole proprietorship do not have the protection of limited liability.
Instead, the sole owner has unlimited liability. This means that the sole owner is personally liable for the debts and expenses of the business. If the business is sued, the sole owner risks losing their personal assets.
Is Sole Proprietorship has Limited Risk – Lawkidunya
Ch Muhammad Shahid Bhalli
I am a more than 9-year experienced professional lawyer focused on UK Tax laws, income tax and VAT in UK. I simplify complex legal topics to help
individuals and businesses stay informed, compliant, and empowered. My mission is to share practical, trustworthy legal insights in plain English.
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