Limited and Unlimited Liability | A-Level & IB Business

The vital distinction between limited and unlimited liability is explained by Jim in this revision video.

#alevelbusiness #edexcelbusiness #aqabusiness

VIDEO CHAPTERS
00:00 Introduction
00:28 Reminder: different forms of business
00:40 Unincorporated v incorporated
01:41 What is unlimited liability?
02:33 Incorporating a business
03:01 Importance of limited liability

[chikcen]

Thanks, this was very helpful! I think it would be useful if we could have a video based on the implications of liability, I encountered an exam question on it and wasn’t too sure how to extend my answer outside of the content covered in this video such as how it affects other stakeholders due to reduced/increased risk of investment etc.

[johnybravo]

So who is liable for failed ltd company's debts?

[sissi]

Thanks, I’m not an A level yet but this still helped cause my teacher isn’t very good at explaining.

[nordenlashangderpalama]

u a legend. thank you very much for clarifying this.

[python]

Thanks mate got an exam tomorrow this will help!

[anthonyrojas]

Thank you so much, this rlly helped me with my GCSE's