Unlimited liability is a legal condition under which any damages or debts incurred by a business are the owner's personal responsibility.
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Q4: A corporation itself has limited liability on
Q5: The number of shareholders is limited to
Q6: An S corporation has the federal taxation
Q7: All partners have joint authority to make
Q8: A partnership is a company that is
Q10: A benefit corporation must pursue a stated
Q11: All owners in a general partnership and
Q12: The federal government recognizes a sole proprietorship
Q13: A master limited partnership cannot raise money
Q14: A corporation is a legal entity distinct
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