Full liability for the debt and other obligations of a legal entity. Generally, partners of a partnership and sole propietors have unlimited liability. ...
liability of general partners and sole proprietor owners of a company extending to their entire assets, including personal property.
Definition: Owners of a business may have to sell off some or all of their personal possessions to meet the debts of the business because there is no limit to the amount of claims that can be made against them.
The obligation of an owner to pay his creditors from his personal assets if his company cannot pay its debts. This term is in contrast to Limited Liability.
Unlimited Liability Complete liability for any debt or other dues of a legal entity. For example, a partnership's general partners have an unlimited liability towards the partnership's obligations.
unlimited liability: full responsibility for the obligations of a general partnership
unsecured debt: money borrowed without supplying collateral
upsell: to sell customers a higher-priced version of a product they have bought previously ...
Unlimited liability: In most limited partnerships, the general partner will collect fees and own a percentage of the partnership (in the form of limited partnership interest).
Unlimited liability A legal concept whereby the personal assets of the owner of a firm can be seized to pay off the firm's debts.
Util A representative unit by which utility is measured.
Unlimited liability - Where the owner of a business is personally liable for all business debts.
Urban population - The number of people living in urban areas as a percentage of the total population ...
ULC - Unlimited Liability Corporation - A corporate structure that permits a company to be incorporated and flow all profits and losses to shareholders.
UNLIMITED LIABILITY: 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 liability.
Unlimited liability of partners
The unlimited liability of partners is the legal relationship among general partners of a partnership that makes each general partner responsible for paying all the debts of the partnership if the other partners are ...
Unlimited Liability (business term)
Incentive Fee (finance term)
Limited Liability (finance term)
Subscription Agreement (finance term)
Hedge Fund (business term)
Partner (business term)
Mini-Warehouse Limited Partnership (finance term) ...
A type of business where owners share joint and several responsibility for the entire amount of debt and other liabilities amassed by the business.
A business where the owner has no limit to his losses should the company fail. This is in contrast to a company with limited liability where...(Read more)
Unlisted Securities ...
The discount rate appropriate for an investment that it is financed with 100% equity.
Unlimited liability ...
UNLIMITED LIABILITY -- Liability of an investor which extends to the full extent of his personal assets, as in the case of a sole proprietor or general partner.
A partner who has unlimited liability for the obligations of the partnership.
A partnership in which all partners are general partners.
A partnership has unlimited liability. The partners are jointly liable for all debts and other liabilities of the business. If the business is sued, all the business and personal assets of the partners are at risk.
General partner A participant who has unlimited liability for the obligations of a partnership.
General partner A participant who has unlimited liability for the obligations of a partnership. General partnership A partnership in which all participants are general partners.
The owner of the business has unlimited liability for the debts incurred by the business.
Partnership: A partnership is a for-profit business owned by two or more people.
In traditional partnerships the partners had unlimited liability i.e. they were jointly responsible for the debts of their partnership. In 2001 this has been altered so that some large partnerships e.g. accountancy firms can have limited liability.
Under the umbrella of a joint stock company, all shareholders have unlimited liability, yet the company's stock is fully transferable. The capital of a joint stock company is pooled into a common fund formed by individual shareholder contributions.
No logical necessity links partnerships with unlimited liability or corporations with limited liability. Legal rules do not suddenly spring into existence full grown; instead, they arise in a particular historical context.
The name of the general partner with unlimited liability may not be left out.
Kommanditgesellschaft auf Aktien ...
Limited liability partnerships can be created so that only at least one person has unlimited liability, offering similar protection as owners of a corporation.
Since all partners have unlimited liability, even innocent partners can be held responsible when another partner commits inappropriate or illegal actions.
A participant who has unlimited liability for the obligations of a partnership.
Common stock of a company that has an opportunity to invest money and earn more than the opportunity cost of capital.
General Partner: The partner with unlimited liability.
Generally Accepted Accounting Principles (GAAP): The set of standardized rules established for the reporting of a project or company's financial results for accounting purposes.
Companies can be formed with the shareholders having unlimited liability.
Corporation: A corporation is either a limited or unlimited liability entity that has a separate legal personality from its members. A corporation can be organized for-profit or not-for-profit.
Definition: A participant who has unlimited liability for the obligations of a partnership.
Definition: A partnership in which all participants are general partners.
See also: Index, General partner, Transaction, Proprietorship, Banks