In which of the following are the owners' or owner's personal assets at risk if the business does not have enough money to pay its liabilities?
A)sole proprietorship
B)partnership
C)corporation
D)Two of these are correct.

Question

Quizplus · Accepted Answer

In both a sole proprietorship and a partnership, the owners' personal assets can be at risk if the business cannot pay its liabilities. This is because these business structures do not provide a legal separation between the business and the personal assets of the owners, unlike a corporation which does provide such separation.

In Which of the Following Are the Owners' or Owner's