b. If the form of the business entity is a partnership, the partnership and the general partners are ultimately liable for $ Feedback Check My Work C. If the form of the business entity is an LLC, legal liability for its debts ! . Therefore, the members of the LLC personal liability for the $ Sea Green just lost a product liability lawsuit, with damages of $11,775,000 being awarded to the plaintiff. Although Sea Green will appeal the judgment, legal counsel indicates the judgment is highly unlikely to be overturned by the appellate court. The product liability insurance carried by Sea Green has a policy ceiling of $7,065,000. Assume any net assets of the company will be used to reduce the judgment. What is the amount of liability of Sea Green Enterprises and its owners if the business entity is a sole proprietorship, a partnership, a C corporation, and an S corporation? If an amount is zero, enter " 0 ". a. If the form of the business entity is a sole proprietorship, the owner is ultimately liable for $ Feedback Check My Work b. If the form of the business entity is a partnership, the partnership and the general partners are ultimately liable for