Here we explore the definitions of and differences among limited ... include general partners and limited partners. General partners have unlimited liability for all partnership debts while ...

The main difference between unlimited and limited liability is the level of risk that a business is willing to take. Having unlimited liability is a bigger risk for any business than having ...

What Is the Difference Between a Limited Partnership and an LLP? A limited partnership (LP) requires that at least one partner (called the general partner) have unlimited liability, and that ...

What does it mean to have unlimited liability as a sole trader? Sole traders have unlimited liability. This means that unlike the owners of a limited company, a sole trader is personally liable for ...