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Ahmed
0450-22-O-N-12-4c
Kareem
TOPIC QUESTION - PAPER 1
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Kareem
February 18, 2025 at 4:51:35 PM
Oct/Nov 2022
Version 2
1.0 Understanding Business Activity
1.4 Types of Business Organization
YOUR ANSWER
in a limited company shareholders are only liable for the amount invested, and not responsible for the debts of the business, so if the relocating plan for tya fails, the shareholders personal assets are protected.
in a unincorprated business, the owners would be held responsible for the debts of the business they own, their liability is not limited to invested amount.
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