The form of business having unlimited liabilities
کاروبار کی شکل جس میں لامحدود واجبات ہیں۔
- General partnership
- Limited partnership
- Limited liability partnership
- Particular partnership
Explanation
The primary forms of business that have unlimited liability are:
- Sole Proprietorship
- Owner is personally responsible for all business debts
- Personal assets can be used to settle business obligations
- General Partnership
- All partners share unlimited joint and several liability
- In these structures, owners' personal assets are at risk beyond their business investment.
Related MCQs
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