A financial vehicle that enjoys limited liability in that its owners are liable for its debts and obligations only to the limit of their investment is a ____.
A)sole proprietorship
B)S-corporation
C)C-corporation
D)joint venture
E)limited partnership

Question

A financial vehicle that enjoys limited liability in that its owners are liable for its debts and obligations only to the limit of their investment is a ____. ​
A)sole proprietorship
B)S-corporation
C)C-corporation
D)joint venture
E)limited partnership

Quizplus · Accepted Answer

A C-corporation provides limited liability to its owners, meaning they are only liable for the company's debts and obligations up to the amount they have invested.

A Financial Vehicle That Enjoys Limited Liability in That Its