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Is contracts payable a liability?

yes


What is broad form contractual liability?

Contractual liability insurance that covers liability transferred in a wide variety of business contracts.


What are the different classification of Partners as to liability.?

General partners have unlimited liability. Limited partners are only on the hook for their investment in the business or the unpaid part of the investment.


What does limited liability mean to corporations mean?

When an investor's liability is limited only to the initial investment


What affect does limited liability have on suppliers?

A limited liability protects suppliers by reducing the amount of liability they have. When working with contracts, suppliers must do everything they can to ensure they are protected.


The owner's liability is limited to the amount of investment in the business?

Coorporation


Define unlimited liability?

A type of investment in which a partner or investor can lose an unlimited amount of money. Opposite of limited liability.


Are dividends owner's equity or asset or liability or revenues?

If your divident is the result of your own investment, it is an asset. Divident payable is a liability.


Do the mcdonalds franchises run as a Ltd liability co?

Yes a franchise has limited liability only the investment put into will be lost


Does limited liability make it easier to attract more shareholders?

yes, limited liability attracts the investment of share holders.


What is a type of liability in which you only lose your initial investment in the company?

A type of liability in which you only lose your initial investment in the company is limited liability. This means that shareholders or owners are only responsible for the debts and obligations of the company up to the amount they initially invested, and their personal assets are not at risk. This is commonly seen in the form of limited liability companies (LLCs) and corporations.


Why would someone sell a house to an LLC?

It is common for a Limited Liability Company to acquire real estate, especially for investment purposes or to remove it from individual ownership.It is common for a Limited Liability Company to acquire real estate, especially for investment purposes or to remove it from individual ownership.It is common for a Limited Liability Company to acquire real estate, especially for investment purposes or to remove it from individual ownership.It is common for a Limited Liability Company to acquire real estate, especially for investment purposes or to remove it from individual ownership.