What is the difference between limited liability and unlimited liability

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asked Dec 10, 2021 112k views

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Sumit Murari · Answer 1 · 2021-12-15T18:28:47+0000

Answer:

Limited liability means the business owners' liability for debts is restricted to the amount they put into the business. With unlimited liability, the business owner is personally responsible for any loss the business makes.

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What is the difference between limited liability and unlimited liability

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