Lawkidunya Banner

What Happens If a Sole Proprietorship Fails – Lawkidunya

As per Lawkidunya, if you are running your business as a sole proprietor, you are making yourself liable for the debts of your business. If your business fails, you cannot walk away from the debt obligations.
The lenders can hold you personally liable for the debts and will pursue you vigorously if you have any assets to speak of.

Leave a Reply

Your email address will not be published. Required fields are marked *