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Question
The liability of partners is ______.
The liability of partners is ______.
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Solution
The correct option is B Unlimited
An unlimited liability company involves general partners and sole proprietors who are equally responsible for debt and liabilities accrued by the business. Most companies opt to form limited partnerships, where one (or more) business partner is liable only up to the amount of money that partner invested in the company.
An unlimited liability company involves general partners and sole proprietors who are equally responsible for debt and liabilities accrued by the business. Most companies opt to form limited partnerships, where one (or more) business partner is liable only up to the amount of money that partner invested in the company.
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