Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In which of the following types of business organizations do the owners have unlimited personal liabilities for the business's debts? A. C Corporations B. limited

image text in transcribed
image text in transcribed
In which of the following types of business organizations do the owners have unlimited personal liabilities for the business's debts? A. C Corporations B. limited liability companies C. Sorporations D. general partnerships Which of the following is an additional feature of a limited liability partnership compared to a limited partnership? A: It has a general partner who does not participate in the day-to-day operations of the partnership. B. It protects each partner from any malpractice or negligence of another partner's actions. C. It restricts the general partner from taking high-risk projects. D. It limits the personal liability of limited partners to their contribution in the business

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

3. Describe the communicative power of group affiliations

Answered: 1 week ago