Ask Question
11 December, 07:23

What is liability and what does it mean to have personal liability for a company

Answers (1)
  1. 11 December, 08:26
    Liability is the state of being responsible for something, especially by law and being personal liable means that a plaintiff who wins a court judgment against your business can satisfy it out of your personal assets l, like your bank account, home, or automobile simply because of your status as an owner of the business
Know the Answer?