Tomo is a sole proprietor and owns a restaurant. When the economy falters, he is...
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Accounting
Tomo is a sole proprietor and owns a restaurant. When the economy falters, he is forced to close his restaurant and owes creditors nearly $ The creditors can go after not only Tomo's business assets but also his personal property such as his house, car, and personal bank account. This demonstrates the concept of
A a tender offer
B divestiture
C double taxation
D limited liability
E unlimited liability
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