Q 1.5: Ginni founded Waggstooth Manor Doggie Day Care and after a year in business, formed a partnership with her husband, Warren. Their friend, Phoebe, is a shareholder with Networth Bank. In terms of personal liability, who is at greater risk? Why? A Ginni, because she founded the company as a sole proprietorship and so has unlimited personal liability, whereas Warren's liability is limited to his percent ownership in the company. Ginni and Warren, because both partners have unlimited personal liability, regardless of who owns a larger percentage of the company. Warren, because he has the least investment in the business and therefore the greater risk of liability D Phoebe, because shareholders are responsible for the company's debts, pro-rated according to the percent of stocks owned