What is another word for UNLIMITED LIABILITY COMPANY?
Pronunciation: [ʌnlˈɪmɪtɪd lˌa͡ɪəbˈɪlɪti kˈʌmpəni] (IPA) 
An unlimited liability company is a business structure where the owners are personally liable for all debts and obligations of the company. There are several synonyms for this type of business entity, including an unlimited partnership, joint and several liability partnership, or unrestricted partnership. In some jurisdictions, it may be referred to as a general partnership or sole proprietorship. Unlimited liability companies are typically small businesses with few owners and can offer greater flexibility and control over the business's operations. However, the downside is that as there is no separation between the personal and business finances, the owners stand to lose everything if the company faces financial difficulties.
