unlimited liability

Must have at least one "general partner" with unlimited liability.

However, they required at least one (and often several) partners with unlimited liability.

It has unlimited liability and is not liable for corporation tax.

In a partnership, there can be both limited and unlimited liability partners.

The general partner serves as the manager of the limited partnership, and has unlimited liability.

With unlimited liability, not one insurance company will want to conclude policies, unless they introduce these themselves.

In the early 19th century, banks were unlimited liability partnerships.

If this is not sufficient the unlimited liability of the members is joint and several.

Corporations, which cannot accept unlimited liability, would then apparently be able to join Lloyd's and provide more capital.

New investors are lining up, though - in part, perhaps, because in the future they will not face unlimited liability.

Unlimited liability is said to underpin the integrity of a Lloyd's insurance policy.

He noted that for the last 14 years, the oil industry has faced unlimited liability in many states and "has done just fine."

An investor who takes an active role will be deemed a general partner, and become exposed to unlimited liability.

Standard partnerships have unlimited liability for the firm's debts.

Due to the owner's unlimited liability, some creditors are more willing to extend credit.

"Once you hand off the keys to someone with that type of unlimited liability, it puts Ford in a bad position.

In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business.

For Lloyd's, an international insurance concern, the action would breach its policy of forcing unlimited liability on investors.

Note that this assumes limited liability, though results could still hold with unlimited liability.

Unlimited liability is in our view only justified where there is gross negligence.

Unlimited liability is a difficult concept to apply, and a guaranteed recipe for endless litigation.

Officers may have an almost unlimited liability.

He walked slowly, thinking of the balance-sheet that confronts each lover's unlimited liability.

My direct question to the Commission is: how would this new situation change, i.e. that of unlimited liability?

That rule of unlimited liability for Lloyds names has now been changed, so future investors won't face the same problem.