In which form of organization are the owners' legal responsibility for the debt of the business limited to the amount they invested in the business?

Question

Quizplus · Accepted Answer

In a corporation, the owners' legal responsibility for the debt of the business is limited to the amount they invested in the business. This is because a corporation is a separate legal entity from its owners, which means that it can own property, enter into contracts, and sue or be sued in its own name.

In Which Form of Organization Are the Owners' Legal Responsibility