Which of the following entities does not provide all the owners with limited liability for debts incurred by the entity?
A) C corporation
B) S corporation
C) Limited partnership
D) LLC

Question

Quizplus · Accepted Answer

Limited partnership has general partners who have unlimited liability for the debts of the partnership, while limited partners have limited liability. Therefore, not all owners have limited liability. The other options (C corporation, S corporation, and LLC) provide all owners with limited liability.

Which of the Following Entities Does Not Provide All the Owners