When a business has unlimited liability

When a business has unlimited liability
  • A.
    all its profits can be taxed away by the government
  • B.
    all its assets are owned by the members of its board of directors
  • C.
    the business ceases to exist at the death of one of its owners
  • D.
    the owners are responsible for all its financial debts
  • E.
    the owners are not responsible for all its financial debts
Correct Answer: Option D
Explanation
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