Unlimited liability means all business and personal assets may be at risk for a business liability.

Name: Unlimited liability means all business and personal assets may be at risk for a business liability.
Brand: Quizplus
Rating: 5.0 (45 reviews)

Question

Quizplus · Accepted Answer

Unlimited liability means that there is no limit to the amount of personal assets that may be used to pay for business liabilities. This means that both business and personal assets may be at risk for a business liability.

Unlimited Liability Means All Business and Personal Assets May Be