the most an owner / shareholders can lose is the amount they invested into the business
What is unlimited liability
The owner is responsible for all the debts of the business. The owner must repay all their debts even if that means selling their business along with thei
Private Limited company
A company formed by between 1 and 149 people who combine their resources to start the business with limited liability
Unlock this slideshow and over 4 million more with Baamboozle+