answersLogoWhite

0

Define the term unlimited company

User Avatar

Anonymous

16y ago
Updated: 8/17/2019

the company where in the liabilities of shareholders are unlimited means that in case heavy losses, the personal property of shareholders will also be sold for paying of the Debt's of the company if the assets are insufficient such companies are not found in the wold. the company where in the liabilities of shareholders are unlimited means that in case heavy losses, the personal property of shareholders will also be sold for paying of the Debt's of the company if the assets are insufficient such companies are not found in the wold.

User Avatar

Wiki User

16y ago

What else can I help you with?