Full liability for the debt and other obligations of a legal entity. The general partners of a partnership have unlimited liability.

The obligation of a company's owners or partners to pay all the company's debts, even if personal assets have to be used.

Where no restriction applies to an owner's losses in a business. In contrast with limited liability where the loss to owners, or shareholders, is limited by law to the amount of capital they have invested. In many jurisdictions unlimited liability companies are exempt from filing annual accounts with a public authority unless they are subsidia [..]

A condition in which owners are personally held responsible for any and all debts created by a business. Proprietorships and partnerships are the two kinds of businesses in which owners have unlimited [..]

Definition A type of investment in which a partner or investor can lose an unlimited amount of money. opposite of limited liability.

The responsibility of all the partners in a COMPANY for its DEBT.

Unlimited Liability is full liability for the debt and other obligations of a legal entity. The general partners of a partnership have unlimited liability. In such type of investment a partner or inve [..]

A liability to pay all the debts incurred by a business. For a sole trader/proprietor the liability of the owners is not limited to the amount the owner has agreed to invest. All debts of the business [..]

A business in which the liabilities of the owners are not restricted to the capital they have invested in the business.

A condition in which owners are personally held responsible for any and all debts created by a business. Proprietorships and partnerships are the two kinds of businesses in which owners have unlimited [..]

Full liability for the debt and other obligations of a legal entity. The general partners of a partnership have unlimited liability.