The concept of limited refers to the ideas and also decisions of setting an higher of upper limit to the amount of money a marketer or an investor of even a shareholder in a business may be needed and required by law to contribute to the settlement of business debt, in the event of a liquidation or a business failure.
If a business is a limited conos, the maximum amount of loss which a shareholder can sustain in the event of business failure, or amount agreed to be invested by each if them is protected by the law the.. E.g liability limited companies.
On the other hand , the conceot of unlimited liability refers to the idea if not settling an upper limit to the amount of money an investors.or a shareholder may be required for do so ..though settlement of business debt, if the business should fails.
If a business has unlimited liability, the maximum amount of loss which the business owners can sustain, if the business should fail, is not limited to their capital investment or the amount each agreds to contribute. The private assets of the owners can be sold to meet yhd debts of the business and enterprise.
If a business is a limited conos, the maximum amount of loss which a shareholder can sustain in the event of business failure, or amount agreed to be invested by each if them is protected by the law the.. E.g liability limited companies.
On the other hand , the conceot of unlimited liability refers to the idea if not settling an upper limit to the amount of money an investors.or a shareholder may be required for do so ..though settlement of business debt, if the business should fails.
If a business has unlimited liability, the maximum amount of loss which the business owners can sustain, if the business should fail, is not limited to their capital investment or the amount each agreds to contribute. The private assets of the owners can be sold to meet yhd debts of the business and enterprise.
