Which of the following forms of business organizations provide limited liability to all its owners?
A) general partnership
B) limited partnership
C) corporation
D) both B and C

Question

Quizplus · Accepted Answer

Only a corporation provides limited liability to all owners. In a general partnership, all partners have unlimited liability, while in a limited partnership, at least one partner (the general partner) has unlimited liability.

Which of the Following Forms of Business Organizations Provide Limited