0
Unlimited liability means that sole proprietors are completely responsible for the what of their business?
Wiki User
∙ 8y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Unlimited liability means that sole proprietors are completely responsible for all of the of their business.?
debts apex lluvyanna♥
Why would someone want to form an unlimited liability corporation?
so they would have unlimited liability.
The owner of a sole proprietorship has what liblilty?
unlimited liability
What are the 3 disadvantages of sole proprietorships?
unlimited liability
The owner has unlimited liability but collects all the profits from a business?
When an owner has unlimited liability and collects all of the profits for the business they are considered a sole proprietor. They can make all of the decisions about the business without dealing with a partner.
Unlimited liability means that sole proprietors are completely responsible for all of the?
depts apex. its spelled (debts)
Unlimited liability means that sole proprietors are completely responsible for all of the of their business.?
debts apex lluvyanna♥
Unlimited liability means that sole proprietors are completely responsible for all of the of their business?
debts apex lluvyanna♥
Which type of investment holds the investor responsible for debts and obligations of the company?
unlimited liability
What is the liability of a franchise?
i think its unlimited liability
Why would someone want to form an unlimited liability corporation?
so they would have unlimited liability.
Does McDonald's have limited or unlimited liability?
limited liability.
Sole Trader unlimited liability?
Sole Traders have unlimited liability. This means if the business goes into debt, the owner is responsible, and has to pay every last pence/cent to pay of the debt. This means that they may have to sell personal possessions i.e their house or their car.
Define unlimited liability?
A type of investment in which a partner or investor can lose an unlimited amount of money. Opposite of limited liability.
Does tesco plc have limited or unlimited liability?
it is a plc therefore it has unlimited liabilty, it's shareholders however, have limited liability.
Why is it usually safer to invest in corporate stocks than to become a partner in business?
Partnerships have unlimited liability, while corporations have limited liability.
Define the term unlimited liability?
The term unlimited liability means that you are not protected from the liabilities of your company. To avoid this situation, you can start a corporation.
