Which of the following forms of business organizations protect the personal assets of the owners from creditors of the business?
A)Partnerships
B)Corporations
C)Proprietorships
D)Partnerships and corporations
E)Partnerships and proprietorships

Question

Quizplus · Accepted Answer

Corporations offer limited liability, which means that the personal assets of the owners are protected from creditors of the business. Neither partnerships nor proprietorships offer this protection. Therefore, the correct choice is B, corporations.

Which of the Following Forms of Business Organizations Protect the Personal