This form of business organization does not distinguish between business and personal assets:
A)sole proprietorship.
B)limited liability corporation.
C)general partnership.
D)Both A and C

Question

Quizplus · Accepted Answer

In both sole proprietorships and general partnerships, the business does not have a legal distinction from its owners, meaning personal and business assets are not separated. This contrasts with limited liability corporations (LLCs), where there is a legal distinction that protects personal assets.

This Form of Business Organization Does Not Distinguish Between Business