Unlimited and limited liability

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Lessons are for learners and teachers with an account. Browsing the curriculum — subjects, strands and what each sub-strand covers — stays open to everyone.

• 8 sections of explanation, worked examples and diagrams
• 1 practice task with hints and worked answers
• A quiz that marks itself as you go
• Your progress kept across every subject you take

Other lessons in this sub-strand

1. Sole proprietorship and partnership
2. Cooperative societies, and choosing a form of ownership
3. Unlimited and limited liability
4. What a sole proprietorship is
5. Forming and running a sole proprietorship
6. Financing a sole proprietorship
7. Sole proprietorship: advantages and disadvantages
8. What a partnership is
9. The partnership deed
10. Types of partners
11. Partnership: advantages and disadvantages
12. What a company is
13. The private limited company
14. The public limited company
15. Public versus private companies
16. Cooperative principles in practice
17. Types of cooperatives in Kenya
18. Matching ownership to the business