Unlimited liability means ___________. the business is responsible for the majority of debt it incurs, and filing bankruptcy is out of the question the business is responsible for the debt it incurs. if the business cannot pay its bills, the debt burden transfers to the owner(s), and he/she/they are liable for all debt the business is responsible for the debt. if the business cannot pay, the company files bankruptcy. the debt does not fall on the shoulders of individual owners. they are safe from liability that all forms of business are responsible for all the debts a business incurs in its everyday operations

Question

24-08-2018
Business

contestada

Unlimited liability means ___________. the business is responsible for the majority of debt it incurs, and filing bankruptcy is out of the question the business is responsible for the debt it incurs. if the business cannot pay its bills, the debt burden transfers to the owner(s), and he/she/they are liable for all debt the business is responsible for the debt. if the business cannot pay, the company files bankruptcy. the debt does not fall on the shoulders of individual owners. they are safe from liability that all forms of business are responsible for all the debts a business incurs in its everyday operations

Respuesta :

Otras preguntas

What happens to amino acids when they are put under high pressure and temperature?

Question #9 Multiple Choice Which of the following events would fall under the EPA's jurisdiction? O A farmer was discovered using a banned pesticide. O A farme

Find the range of the function.

A test car went 64 miles on 2 gallon in the morning 16 miles on 1/2 gallon at noon and 32 miles on 1 gallon at 5pm is the relationship a proportional relationsh

Identify the area on the satellite image that is experiencing the heaviest rainfall. The color bar shows amounts of rainfall from lightest (bottom) to heaviest

By 800 BCE, most Greek city-states were ruled by a small group of wealthy men. The ruling power is in the hands of a few people.

What do all of these molecules have in common A . They all have elements B . They all have the same amount of bonds C . They all have the same amount of atoms

What does the photograph shown A. Stream erosion B. Elastic rebound C. A landslide D. Soil creep

Which set of ordered pairs represents y as a function of x?

What is one major difference between the governments of China and Russia? A. Russia forces citizens to vote, but China does not. B. Russia claims to be a democr

ahmedishaal ahmedishaal · Answer 1 · 2018-09-03T06:26:12+02:00

The answer is "Unlimited liability means the business is responsible for the debt it incurs. If the business cannot pay its bills, the debt burden transfers to the owner(s), and he/she/they are liable for all debt".

Unlimited liability alludes to the lawful commitments general accomplices and sole proprietors since they are at risk for all business obligations if the business can't pay its liabilities. As it were, general accomplices and sole proprietors are in charge of satisfying the greater part of the organization obligations by and by if the organization can't make its installments.

In this sense, the entrepreneurs are boundlessly obligated for all the business activities. Claims make a major issue for accomplices with Unlimited liability.