Question: Sammy started a business where he does lawn maintenance. He set his business up as a sole proprietorship. Which of the following is a true
Sammy started a business where he does lawn maintenance. He set his business up as a sole proprietorship. Which of the following is a true statement?
Sammy cannot be held personally liable for any debts from his business.
Sammy can be held personally liable for any debts from his business.
Sammy must create two separate bank accounts, one for himself and one for his business.
Both B and C are correct.
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