Question: You've started a small bakery from your home kitchen. Considering the legal and financial aspects of your business, which statement is true about your sole

You've started a small bakery from your home kitchen. Considering the legal and financial aspects of your business, which statement is true about your sole proprietorship?

Group of answer choices

The business is a separate legal entity, so you're not personally liable for its debts.

You need to pay both personal and corporate taxes on your earnings.

You are personally liable for any business debts and legal issues.

You can raise funds without any personal financial risk.

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