The fact that a corporation has limited liability means:
A)corporations can earn a limited amount
B)some of the owners are limited in earnings
C)owners' liabilities are limited to the amount invested
D)the life of the corporation is limited
E)the corporation's ability to expand is limited

Question

Quizplus · Accepted Answer

Owners' liabilities in a corporation are limited to the amount they have invested, meaning they are not personally responsible for the corporation's debts beyond their investment.

The Fact That a Corporation Has Limited Liability Means