When a business is set up as partnership,the owner of the business faces unlimited liability.

Name: When a business is set up as partnership,the owner of the business faces unlimited liability.
Brand: Quizplus
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When a business is set up as a partnership, each partner is personally liable for the debts and obligations of the business. This means that their personal assets could be seized to pay off any outstanding debts of the partnership. This is known as unlimited liability.

When a Business Is Set Up as Partnership,the Owner of the Business