Which form of business ownership offers its owners limited liability?
A) sole proprietorship
B) partnership
C) corporation

Question

Quizplus · Accepted Answer

A corporation offers limited liability to its owners, meaning that the personal assets of the owners are protected if the business incurs debts or legal liabilities. This is not the case with sole proprietorships or partnerships, where the owners are personally liable for the business's debts and legal liabilities.

Which Form of Business Ownership Offers Its Owners Limited Liability