Which of the following forms of business have limited liability for all its owners?
A) Partnership
B) C corporation
C) Sole proprietorship

Question

Quizplus · Accepted Answer

C corporations provide limited liability protection to all of their owners, meaning that the personal assets of the shareholders are protected from the company's debts and liabilities. Partnerships and sole proprietorships do not offer this level of protection, exposing owners' personal assets to potential business debts and liabilities.

Which of the Following Forms of Business Have Limited Liability