The owner of a ________ is personally liable for all the business debts.
A)proprietorship
B)corporation
C)limited-liability company
D)All of the above are correct.

Name: The owner of a ________ is personally liable for all the business debts. A)proprietorship B)corporation C)limited-liability company D)All of the above are correct.
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Question

Quizplus · Accepted Answer

In a proprietorship, the owner is personally liable for all business debts, unlike corporations and limited-liability companies where liability is limited.

The Owner of a ________ Is Personally Liable for All