His other personal finances and possessions would be protected. Unlimited liability means that the business owner or owners are personally responsible for all of the debts of the business ...

A form of business organization with the liability-shield advantages of a ... allow a business form called the limited liability company (LLC). The LLC arose from business owners' desire to ...

A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability A limited partnership is similar to a general ...