The majority of U.S. businesses are organized so that owners receive all the profits and carry all the liability for company debts.

Question

Quizplus · Accepted Answer

This is generally true for sole proprietorships and partnerships, which are the most common forms of business organization in the U.S. In these types of businesses, the owners (or partners) are personally responsible for all debts and obligations of the company, and they also receive all profits. However, in some cases, owners of corporations and limited liability companies (LLCs) may not be personally liable for company debts, depending on the structure and legal requirements of the organization.

The Majority of U