One key value of limited liability is that it lowers owners' risks and thereby enhances a firm's value.

Question

Quizplus · Accepted Answer

Limited liability protects owners from being personally held responsible for the company's debts or legal issues, which reduces their financial risk. This can increase the owners' willingness to invest in the firm and can attract more investors, ultimately leading to increased value for the company.

One Key Value of Limited Liability Is That It Lowers