Unlimited liability for the owner is a problem for which of the following?
A)limited partnership
B)corporation
C)partnership
D)sole proprietorship
E)both C and D above

Name: Unlimited liability for the owner is a problem for which of the following? A)limited partnership B)corporation C)partnership D)sole proprietorship E)both C and D above
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

In both a partnership and a sole proprietorship, owners have unlimited liability, meaning they are personally responsible for all business debts and obligations.

Unlimited Liability for the Owner Is a Problem for Which