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Limited liability means: a) owners are personally liable for all of the business debts. b) no separation exists between the business and the ownership. c)
Limited liability means:
a) owners are personally liable for all of the business debts.
b) no separation exists between the business and the ownership.
c) the owner can quantify the amount of risk they face.
d) the income of the entity will be subject to double taxation.
e) any owner can obligate the business and other owners for any unpaid debt.
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