Del owns Everlast Painting, a sole proprietorship. Del's liability is O limited by state statute and varies from state to state. O limited to the extent of capital expenditures. O limited to the extent of his or her original investment. unlimited for all obligations incurred. Del owns Everlast Painting, a sole proprietorship. Del's liability is O limited by state statute and varies from state to state. O limited to the extent of capital expenditures. O limited to the extent of his or her original investment. unlimited for all obligations incurred