All but one of the following organizational forms has limited liability.This exception is the:
A) sole proprietorship.
B) subchapter C corporation.
C) subchapter S corporation.
D) limited partnership.

Question

Quizplus · Accepted Answer

Sole proprietorship does not offer limited liability. The owner is personally liable for all debts and obligations of the business. On the other hand, subchapter C corporation, subchapter S corporation, and limited partnership all offer limited liability protection to their owners or partners.

All but One of the Following Organizational Forms Has Limited