Which of the following have full liability for the debts and obligations of the entity?
A) General partners of a limited partnership
B) Members of a limited liability company
C) Shareholders of a corporation
D) Limited partners of a limited partnership

Question

Quizplus · Accepted Answer

General partners of a limited partnership have full liability for the debts and obligations of the entity. Limited partners, on the other hand, have limited liability and are only liable for the amount of their investment. Members of a limited liability company and shareholders of a corporation also have limited liability.

Which of the Following Have Full Liability for the Debts