Owners of ________ have unlimited liability.
A) partnerships and corporations
B) corporations
C) proprietorships and partnerships
D) partnerships, proprietorships, and corporations

Question

Quizplus · Accepted Answer

Owners of proprietorships and partnerships have unlimited liability, meaning they are personally responsible for all the debts and obligations of the business. Corporations, on the other hand, provide limited liability protection to their owners.

Owners of ________ Have Unlimited Liability