Which of the following is the most correct? ______ know their exposure is limited to the amount of capital they invest in the company.

Question

Quizplus · Accepted Answer

Limited partners and shareholders have limited liability which means their exposure is limited to the amount of capital they invest in the company. Employees, sole proprietors, and general partners do not have limited liability and may be personally responsible for the company's debts and losses.

Which of the Following Is the Most Correct? ______ Know