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In march, we focus on the food and drink There is a distinction between types and types of companies The former covers personally owned companies, as sole traders, who only have one owner, or partnership, which has several ownersThe owners of an unincorporated business shall be liable personally, and by a possibly. bankruptcy will be able to be seized of the whole ejerenes fortune. In a general partnership shall be liable for all the owners jointly and severally liable, which means that the creditors can obtain their entire amount owed by only one of the owners, if only this is able to pay the receivable.

A company is a separate legal entity, and the creditors may, as a starting point, just make the outlay of capital.

Therefore there is no personal liability for the owners, unless they have provided guarantees for the company.