One major advantage of limited liability is that it:

Name: One major advantage of limited liability is that it:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Limited liability shields the personal assets of owners from liability claims. This means that if the business is sued or goes bankrupt, the owners' personal assets are protected from being seized to pay off the business's debts or legal judgments. This provides owners with a level of financial security and encourages entrepreneurship and investment.

One Major Advantage of Limited Liability Is That It