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  2. General partner - Wikipedia

    en.wikipedia.org/wiki/General_partner

    Unlike general partners, limited partners enjoy limited liability, meaning that limited partners are not personally liable for the debts and obligations of the partnership and their personal assets cannot be reached to satisfy business debts. [4] General partners have unlimited personal liability for business debts. [5]

  3. Privately held company - Wikipedia

    en.wikipedia.org/wiki/Privately_held_company

    There are three typical different types of classifications for partnerships: general partnerships, limited partnerships, and limited liability partnerships. Corporation: A business corporation is a for-profit, limited liability or unlimited liability entity that has a separate legal personality from its members.

  4. List of legal entity types by country - Wikipedia

    en.wikipedia.org/wiki/List_of_legal_entity_types...

    Unlimited liability corporations can be formed in Alberta "AULC", British Columbia "BCULC" [13] and Nova Scotia "NSULC". The aforementioned unlimited liability corporations are generally not used as operating business structures, but are instead used to create favorable tax positions for either Americans investing in Canada or vice versa. [14]

  5. Bordier & Cie - Wikipedia

    en.wikipedia.org/wiki/Bordier_&_Cie

    Bordier & Cie is a Swiss private banker founded in 1844 in Geneva and active in wealth management for private clients.It is the last French-speaking private banker in Switzerland, headed by three partners with unlimited responsibility on their own assets.

  6. Legal liability - Wikipedia

    en.wikipedia.org/wiki/Legal_liability

    For sole proprietorships and general partnerships, the liability is unlimited. Unlimited liability means that the owner(s) of the business have the full responsibility of assuming all the business's debts. This can include seizure of personal assets in the face of bankruptcy and liquidation. [5]

  7. What is umbrella insurance and how much does umbrella ...

    www.aol.com/finance/umbrella-insurance-much-does...

    The most common requirement is for your auto policy to have liability limits of 250/500/100 and for your home insurance to have a personal liability limit of $300,000.

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