QuestionJune 10, 2025

Owners have no personal liability under which legal business structure? A a corporation B a partnership C a sole proprietorship D There is liability in every legal business structure.

Owners have no personal liability under which legal business structure? A a corporation B a partnership C a sole proprietorship D There is liability in every legal business structure.
Owners have no personal liability under which legal business structure?
A a corporation
B a partnership
C a sole proprietorship
D There is liability in every legal business structure.

Solution
4.0(380 votes)

Answer

A a corporation Explanation In a corporation, owners (shareholders) have limited liability, meaning they are not personally responsible for the debts and liabilities of the business. This protection does not apply to partnerships or sole proprietorships.

Explanation

In a corporation, owners (shareholders) have limited liability, meaning they are not personally responsible for the debts and liabilities of the business. This protection does not apply to partnerships or sole proprietorships.
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