Of the following forms of business organization, which have stockholders with limited liability?
A) proprietorships
B) partnerships
C) corporations
D) limited partnerships

Question

Quizplus · Accepted Answer

Corporations have stockholders with limited liability, meaning they are only liable for the amount they have invested in the company and their personal assets are protected from business debts and obligations. Proprietorships and partnerships have unlimited liability, and in a limited partnership, there are general partners with unlimited liability and limited partners with limited liability.

Of the Following Forms of Business Organization, Which Have Stockholders