In which form of business organization are the owners not offered the protection of limited liability?
A)proprietorship
B)limited partnership
C)corporation
D)subchapter S corporation

Question

Quizplus · Accepted Answer

In a proprietorship, there is no legal distinction between the business and its owner, meaning the owner is personally liable for all debts and obligations of the business. Therefore, the owners are not offered the protection of limited liability.

In Which Form of Business Organization Are the Owners Not