Which of the following characteristics of a company limits a shareholder's loss to the amount of his or her investment in the shares of the company?
A)Separate legal entity
B)Separation of ownership and management
C)Transferability of ownership
D)Limited liability

Question

Quizplus · Accepted Answer

Limited liability means that shareholders are only liable for the company's debts and obligations up to the amount they have invested in the company.

Which of the Following Characteristics of a Company Limits a Shareholder's