Question: Identify a true statement about a proprietorship and regular partnership. The owner ( s ) will not be liable for the aspects of the business.

Identify a true statement about a proprietorship and regular partnership.
The owner(s) will not be liable for the aspects of the business.
There will be no distinction between the business entity and the owner(s).
The owner(s) will be liable only for the amount of his or her investment.
Creditors will be prevented from seizing any assets the owners have outside the business.
Identify a true statement about a proprietorship

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