The liability of a sole proprietor is _______.

A. Limited to the extent of his capital invested in the business

B. Limited to the extent of the value of business assets

C. Limited to the extent of the value of business assets and his all private assets

D. Limited value of the business assets

Answer: Option C

Solution(By Examveda Team)

The liability of a sole proprietor is limited to the extent of the value of business assets and his all private assets.