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ruddy robles
on Nov 10, 2024

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Unlimited liability means that an investor can only lose everything he has invested in a corporation.

Unlimited Liability

A legal obligation where a business owner or investor is personally responsible for all the debts of the business, without any limit on the amount they can be required to pay.

Investor

An individual or organization that allocates capital with the expectation of earning a financial return.

Corporation

A legal entity that is separate from its owners, providing them with limited liability, and recognized as a person under law that can enter into contracts, own assets, and be sued.

  • Familiarize oneself with the theory of unbounded liability applicable to sole proprietors and partners.
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Freddy MeansNov 15, 2024
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