In which of the following types of business organizations does the owners have unlimited personal liabilities for the business's debts?
A)general partnership
B)S Corporation
C)C Corporation
D)limited liability company

Question

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In a general partnership, the owners (partners) have unlimited personal liabilities for the business's debts. This means that if the partnership is unable to pay its debts, the partners may be personally responsible and may have to use their personal assets to cover the debts. The other three options listed (S Corporation, C Corporation, and limited liability company) provide some level of protection to owners' personal assets in the event of business debt.

In Which of the Following Types of Business Organizations Does