It is true that most companies:

Question

Quizplus · Accepted Answer

Limited liability is a characteristic of most companies, meaning that the personal assets of the owners or shareholders are separate from the assets of the company, protecting them from personal legal and financial liabilities. The other options are not universally true for all companies. While setting up a company may be relatively easy compared to other business entities, it still requires legally registering and following various regulations. The risk associated with supplying goods or services to a company versus a partnership is dependent on the specific situation and cannot be generalized. Mutual agency refers to a situation where partners in a partnership can legally bind the entire partnership to a contract, which is not applicable to companies.

It Is True That Most Companies