The most important benefit of incorporation is the _____ feature of corporations.
A)limited continuity
B)limited liability
C)financial resources
D)unlimited liability

Question

Quizplus · Accepted Answer

The most important benefit of incorporation is the limited liability feature of corporations. This means that the owners (shareholders) are not personally responsible for the debts or liabilities of the corporation, which is a significant advantage over sole proprietorships and partnerships where owners have unlimited liability.

The Most Important Benefit of Incorporation Is the _____ Feature