Limited legal liability generally is necessary for small businesses that wish to raise outside capital.

Name: Limited legal liability generally is necessary for small businesses that wish to raise outside capital.
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Question

Limited legal liability generally is necessary for small businesses that wish to raise outside capital.​

Quizplus · Accepted Answer

Limited legal liability provides protection to the owners of the business against personal liability for the debts and obligations of the business. This protection is often required by investors who provide outside capital to small businesses.

Limited Legal Liability Generally Is Necessary for Small Businesses That