Unlimited liability for business debts is imposed on:

Name: Unlimited liability for business debts is imposed on:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Sole proprietors have unlimited liability for business debts, meaning their personal assets are at risk to satisfy the debts of the business. Shareholders in a company have limited liability, meaning they are only liable for the amount of their investment in the company. Limited partners also have limited liability, except for the general partner who has unlimited liability.

Unlimited Liability for Business Debts Is Imposed On