Liability

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  • Created by: march_e
  • Created on: 21-05-17 17:20
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  • Liability
    • Unlimited
      • no cap on how much you can lose
      • failure of business can cost you everything you own
      • can lead to bankuptcy
      • makes many risks unacceptable bc high penalties for failure
    • Limited
      • the most you can lose is the amount of your investment
      • professional and corporate image is created by a limited company

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