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

Question

Quizplus · Accepted Answer

A sole proprietorship does not provide limited liability protection to the owner, meaning that the business owner is personally liable for all of the company's debts and obligations. The other three options - corporation, subchapter S corporation, and limited partnership - all provide varying degrees of limited liability protection to owners or shareholders.

All but One of the Following Organizational Forms Have Limited