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Which form of business ownership offers the most protection against personal liability?

Practice Questions

1 question
Q1
Which form of business ownership offers the most protection against personal liability?
  1. Sole proprietorship
  2. Partnership
  3. Corporation
  4. Limited liability company (LLC)

Questions & Step-by-step Solutions

1 item
Q
Q: Which form of business ownership offers the most protection against personal liability?
Solution: Both corporations and LLCs provide limited liability protection, shielding owners' personal assets from business debts.
Steps: 0

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