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Other Fields Homework Help Economics Topic started by: Tidy on Jun 20, 2015



Title: What does limited liability mean?
Post by: Tidy on Jun 20, 2015
What does limited liability mean?
A) The owners of the business are personally responsible for paying expenses incurred by the business.
B) Only employees can have a claim on the assets of the business.
C) The personal assets of the owners cannot be claimed if the business is bankrupt.
D) Anybody with a liability against a firm can claim only what their liability refers to.


Title: Re: What does limited liability mean?
Post by: Chimelo46 on Jul 31, 2015
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Title: Re: What does limited liability mean?
Post by: Chimelo46 on Aug 31, 2015
Happy to assist!