A business organizational form that limits its owners' liability allows the firm to lawfully

Question

Quizplus · Accepted Answer

Limiting owners' liability in a business organizational form, such as a corporation or limited liability company (LLC), allows the firm to take risks without exposing the owners to personal financial loss beyond their investment in the company. This does not legally permit the business to act recklessly or engage in misconduct.

A Business Organizational Form That Limits Its Owners' Liability Allows