Which of the following business organizational form(s) subject(s) the owner(s) to unlimited liability?
A) Sole proprietorship
B) General partnership
C) Corporation
D) Both A and B

Question

Quizplus · Accepted Answer

Both sole proprietorship and general partnership subjects the owner(s) to unlimited liability, meaning their personal assets may be used to pay for business debts and obligations. However, corporations offer limited liability, protecting the personal assets of the owner(s) from being used to pay for business debts and obligations.

Which of the Following Business Organizational Form(s) Subject(s) the Owner(s)