Unlimited liability is faced by the owners of:

Question

Quizplus · Accepted Answer

Unlimited liability is when the owners of a business are personally responsible for all the debts and obligations of the business. This is typically found in sole proprietorships and partnerships, where there is no legal distinction between the business and the owners. Corporations have limited liability, meaning that the owners' personal assets are not at risk for the debts and obligations of the business.

Unlimited Liability Is Faced by the Owners Of