The most obvious answer is for liability protection. Limited partners are only at as much risk as the capital they put into the partnership whereas general partners may face unlimited liability.

His other personal finances and possessions would be protected. Unlimited liability means that the business owner or owners are personally responsible for all of the debts of the business ...

This business structure protects owners from ... LLCs should not be confused with an Unlimited Liability Corporation (ULC), which is a corporate structure allowed in certain countries and in ...

The main difference between a limited and unlimited company is ... which they have invested in the business. When the firm is registered as a limited liability firm, the owners of the company ...

Unlimited liability means that the business owner or owners are personally responsible for all of the debts of the business, no matter what the value. The main difference between unlimited and ...