The owners of which type of firm have the least liability?
A)Corporation.
B)Partnership.
C)Proprietorship.
D)Limited partnership.

Name: The owners of which type of firm have the least liability? A)Corporation. B)Partnership. C)Proprietorship. D)Limited partnership.
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Question

Quizplus · Accepted Answer

The owners of a corporation have limited liability, meaning their personal assets are not at risk if the business is sued or goes bankrupt. The liability is limited to the amount of investment in the corporation.

The Owners of Which Type of Firm Have the Least