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unlimited liability company

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

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September 28, 2017 at 10:54 am #408840
adarsh1997
Participant
- Topics: 646
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Hi Mike!
Concerning unlimited liability company, how this type of company have a separate legal identity and at the same time making members suffering from unlimited liability?
My confusion about this is that, does making members suffer from unlimited destroying the effect of having a separate legal identity?
September 28, 2017 at 10:58 am #408843
MikeLittle
Keymaster
- Topics: 27
- Replies: 23345
No-one forces you to become a member of an unlimited liability company and nor does anyone handcuff you into membership
So what’s the problem? You go in with your eyes open or, if you decide the risk is too great, you don’t go in at all
OK?
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