Qualification > Commerce

Stoopid Business Help!

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$tyli$h Executive:

--- Quote from: $~SauD~$ on March 08, 2011, 02:18:55 pm ---hmm, the left amount will never be paid to suppliers?
even, if they made lots of profits ???

--- End quote ---

It will be paid back. If such a situation arises, the creditors will take over the business (bankruptcy court will be an intermediate step). If its a public limited company, new bonds/securities would be issued to investors by the creditors, whose money will be used to cover the debt.

If its not, the creditors can take over the business themselves, sell its assets, or sell the debts to new investors.

Most UniQue™:
limited liability is that the owners of the company,the shareholders, will not be held responsible for any debts owing,their liability is limited to the amount invested in the business

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