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Which form of business ownership limits the liability of its owners?

Practice Questions

1 question
Q1
Which form of business ownership limits the liability of its owners?
  1. Sole proprietorship
  2. General partnership
  3. Limited liability company (LLC)
  4. Corporation

Questions & Step-by-step Solutions

1 item
Q
Q: Which form of business ownership limits the liability of its owners?
Solution: Both LLCs and corporations limit the liability of their owners, protecting personal assets from business debts.
Steps: 0

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