which of the following is not a characteristic of a liability? course hero

by Bessie Dickens 5 min read

What is a limited liability company?

A limited liability company is a corporate form of business.

Who is personally liable for firm debts?

In a limited partnership, the partners who manage the business are personally liable for firm debts.

Is a manager personally liable for debt?

Owners and managers not personally liable for debts

image