Stef is starting a small machine shop-Thunder Road Hydraulics-and is considering whether to organize the business as a limited liability company or a lim?ited liability partnership. Both forms
A) do not limit their owners' personal liability for business debts.
B) limit their owners' personal liability for business obligations.
C) obviate the need to obtain insurance for business liability risks.
D) require their owners to obtain insurance for business liability risks.
Correct Answer:
Verified
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