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What type of business entity has unlimited liability?
A sole proprietorship has unlimited liability, meaning the owner is personally responsible for all debts and obligations of the business. If the business incurs debt or faces legal issues, the owner's personal assets, such as savings or property, can be at risk. Similarly, general partnerships also face unlimited liability, with each partner personally liable for the debts of the partnership. This contrasts with limited liability entities, where owners' personal assets are generally protected.
Does tesco plc have limited or unlimited liability?
it is a plc therefore it has unlimited liabilty, it's shareholders however, have limited liability.
Who is nominal partner?
A partner with limited liability and contribution.
There is a problem of unlimited liability in organization?
Proprietorship. (:
What does a credit balance on partner's current account mean?
current liability
Define unlimited liability?
A type of investment in which a partner or investor can lose an unlimited amount of money. Opposite of limited liability.
If a partner has authority to act and the partnership is bound by the act each partner has unlimited personal liability for the obligation?
If a partner has authority to act and the partnership is bound by the act, each partner has unlimited personal liability for the obligation
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.
Why is it safer to invest in corporate stocks than to become a partner in a business?
Partnerships have unlimited liability, while corporations have limited liability.
Why is it usually safer to invest in corporate stocks than to become a partner in a business?
Partnerships have unlimited liability, while corporations have limited liability.
Why is it usually safer to invest in corporate stock than to become a partner in a business?
Partnerships have unlimited liability, while corporations have limited liability.
A partner who invests money in a business but does not take an active role in management or assume unlimited liability for the firms losses is known as a?
limited partner
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.
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 tesco plc have limited or unlimited liability?
it is a plc therefore it has unlimited liabilty, it's shareholders however, 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.
