Paul Hyatt owns and operates DeepClean, a Florida-based company that cleans up mold and mildew in homes and businesses. As the sole proprietor of the business, he has unlimited liability, which means: 1) he has unlimited access to funds 2) he is fully liable for all business debts 3) he usually has to put in unlimited number of hours 4) he must have liability insurance 5) he is free from government regulation