Which type of businesses shields owners from unlimited liability?

Question

Quizplus · Accepted Answer

Corporations shield owners from unlimited liability, meaning the personal assets of the shareholders are protected from the corporation's debts and obligations. Unlike sole proprietorships and partnerships, where the owners are personally liable for the business's debts, a corporation is a separate legal entity, and liability is limited to the amount invested in the corporation.

Which Type of Businesses Shields Owners from Unlimited Liability