A limited-liability company extends the concept of personal-asset protection to small-business owners.

Name: A limited-liability company extends the concept of personal-asset protection to small-business owners.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A limited-liability company (LLC) provides personal asset protection to its owners. This means that the owners' personal assets, such as their homes and cars, are typically not at risk in the event that the company faces financial difficulties or legal issues.

A Limited-Liability Company Extends the Concept of Personal-Asset Protection to Small-Business