Unlimited liability with respect to business ownership means ________.
A)to have an obligation to pay all business debt
B)to have an obligation to pay only the money you invest in a business
C)to be liable for expenses incurred only by you, not your employees
D)to be liable for estimated business expenses only

Question

Quizplus · Accepted Answer

Unlimited liability means that the business owner is personally responsible for all debts and obligations of the business, including those that exceed the initial investment. This means that their personal assets may be seized to cover any outstanding debts or legal settlements.

Unlimited Liability with Respect to Business Ownership Means ________