josephfoster2001
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What is liability?
the opportunity of the sole proprietor to keep all profits after taxes

the legal obligation to pay debts

the requirement to offer fringe benefits

the necessity to do a lot of paperwork

Respuesta :

The answer which you are searching for is number 2) the legal obligation to pay debts.

Answer:

B)the legal obligation to pay debts.

Explanation:

Liability is the legal obligation to pay debts. In the United States, when you owe somebody, you have the obligation to pay. That is a liability. A liability is a legal financial debt that resulted in business operations.

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