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Which form of business ownership limits the liability of its owners to their investment in the company?

Practice Questions

1 question
Q1
Which form of business ownership limits the liability of its owners to their investment in the company?
  1. Sole Proprietorship
  2. Partnership
  3. Corporation
  4. Limited Liability Company

Questions & Step-by-step Solutions

1 item
Q
Q: Which form of business ownership limits the liability of its owners to their investment in the company?
Solution: A Limited Liability Company (LLC) limits the liability of its owners, protecting personal assets from business debts.
Steps: 0

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