Which of the statements below are true?
A) The sole proprietorship and the general partnership both feature unlimited liability.
B) A corporation is the business form that is typically the most complicated (legally) to establish.
C) The corporation and the limited partnership both provide at least some owners with limited liability.
D) all of the above

Question

Quizplus · Accepted Answer

All statements are true. Sole proprietorships and general partnerships both have unlimited liability for the owners. Corporations are more legally complex to establish compared to other forms of business. Both corporations and limited partnerships offer limited liability to some of their owners.

Which of the Statements Below Are True