Unlimited liability means that an investor can lose everything he or she has invested in a corporation.

Question

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Unlimited liability means that the owners or investors are personally responsible for all of the debts of the business, potentially beyond the amount they invested in the company. In a corporation, investors typically have limited liability, meaning they can lose their investment in the corporation but are not personally responsible for the corporation's debts.

Unlimited Liability Means That an Investor Can Lose Everything He