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The operator could become personally answerable for the debts of the sole proprietorship, since there isn't a legal difference involving the proprietor as well as the business enterprise. If a creditor sues the business since the small business owes them cash, they can reach the proprietor’s possess private home in a lawsuit.
They are also to blame for the staff of a firm and its trading companions. The director of an organization is assigned specified powers and she or he need to not abuse People powers or utilize them irresponsibly.
In the event that the Registration Certificate has become destroyed or torn, the exact same will be enclosed with application
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