Explore the risks and implications of unlimited liability, where business owners may use personal assets to settle business debts, including its impact on partnerships and sole proprietorships.
Explore the concept of unlimited liability, where business owners are fully responsible for their company’s debts, extending to personal assets. Learn how this impacts sole proprietors and general partners.
Explore what a sole proprietorship is, including its benefits, risks, and how it differs from other business structures. Perfect for potential and existing small business owners.