Which of the following is a feature of sole proprietorship?
Answer Details
The feature of a sole proprietorship from the given options is unlimited liability. Unlimited liability refers to the legal obligation of the owner of the business (the sole proprietor) to be personally responsible for all the debts and financial obligations incurred by the business. In other words, the owner's personal assets, such as their home, car, or personal savings, can be used to pay off the business debts. This is in contrast to limited liability, where the owners' personal assets are protected from being used to pay off business debts. Therefore, in a sole proprietorship, the owner has unlimited liability and is personally responsible for all the business's debts and obligations.