Choosing a business organizational form that limits its owners' liability is associated with the potential for higher profits.

Name: Choosing a business organizational form that limits its owners' liability is associated with the potential for higher profits.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

By limiting the owners' liability, they are not personally responsible for any debts or legal issues the business may encounter, which can lead to greater financial security and potential for higher profits.

Choosing a Business Organizational Form That Limits Its Owners' Liability