If the business involves little risk or the owners have few other assets,limited liability should be given little weight.

Question

Quizplus · Accepted Answer

Limited liability is primarily important for protecting personal assets in the event of business failure or legal action. If the business involves little risk or the owners have few other assets, then the potential consequences of not having limited liability are minimal. Therefore, limited liability should be given little weight in such situations.

If the Business Involves Little Risk or the Owners Have