In a limited liability company the business,not the owners,is responsible for the company's debts.

Name: In a limited liability company the business,not the owners,is responsible for the company's debts.
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Quizplus · Accepted Answer

In a limited liability company, the company itself is a separate legal entity and is responsible for its own debts and obligations. The owners are not personally liable for these debts beyond their investment in the company, hence the term "limited liability".

In a Limited Liability Company the Business,not the Owners,is Responsible