What are the advantages of unlimited liability? - ProProfs Discuss
Topics-
Products +
     

What are the advantages of unlimited liability?

What are the advantages of unlimited liability?

Change Image    Delete

Asked by I.Helen, Last updated: Sep 23, 2019

+ AnswerRequest Answer
...

1 Answer

C. Reyes

C. Reyes

Answered on May 09, 2018

This answer would be all about perspective and hence, opinions of people may vary. So let us answer this question from the perspective of a business with unlimited liability. Firstly, there are lesser number of formalities that companies with unlimited liability have to deal with.

Apart from that, there can be some advantages related to tax. However, this advantage would totally depend on the amount of advantage that a business makes. It is easy to raise financing via companies with limited liability. Moreover, they also happen to carry a lesser amount of personal risks.

 Reply

Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer

Email Sent
We have sent an email to your address "" with instructions to reset your password.