All of the following business organizations provide limited liability to their owners except:
A) general partnership.
B) S-type corporation.
C) corporation.
D) limited liability company.

Question

Quizplus · Accepted Answer

General partnership does not provide limited liability to its owners. In a general partnership, each partner is personally liable for the debts and obligations of the partnership. In contrast, S-type corporations, corporations, and limited liability companies are all types of business organizations that provide limited liability protection to their owners.

All of the Following Business Organizations Provide Limited Liability to Their