ANSWER

Owners of a corporation are

f $1)$

$[$LO $1]$ Which of the following statements called members.

stion

regarding business organizations is NOT correct?

The owner of a proprietorship is personally liable for all the

business debts.

$(\frac{0}{1})$

In a limited liability partnership, each partner is only liable for partnership debts to the extent of his or her investment in the partnership.

The business is liable for company debts in a limited $$ liability company.

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