Ginni founded Waggstooth Manor Doggie Day Care and after a year in business, formed a partnership with her husband, Warren. Their friend, Phebe, is a shareholder with Networth Bank. In terms of personal liability, who is at greater risk? Why?

Question

Troy Fritz

Mathematics

20 March, 03:52

Ginni founded Waggstooth Manor Doggie Day Care and after a year in business, formed a partnership with her husband, Warren. Their friend, Phebe, is a shareholder with Networth Bank. In terms of personal liability, who is at greater risk? Why?

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Answers (1)

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Tinkerbell · Answer 1

Ginni and Waren

Step-by-step explanation:

Here both Ginni and ware are partners in the Company after a year when ginni founded it.

Both Ginni and Waren are risk, because both the partners have unlimited personal liability so it does not matter who owns the larger share of the company. The risk will be equal on both the partners whereas Phebe here is at the least risk.