If the business is a corporation or an LLC,the owner can "only" lose what he or she has in the business.

Question

Quizplus · Accepted Answer

Limited liability is a key characteristic of corporations and LLCs, which means the owners' personal assets are generally protected from the company's liabilities and debts. Therefore, the owners can only lose what they have invested in the business, and their personal assets are not at risk.

If the Business Is a Corporation or an LLC,the Owner