What is the maximum number of owners of any partnership? Who are the owners of a corporation? Who manages a corporation? In which business entity forms do the owners have little or no personal liability for business Partnerships and limited liability companies. Partnerships and sole proprietorships. obligations and liabilities? Only in Corporations. Corporations and limited liability companies. partnerships and limited liability companies. What does the corporate veil do? It protects the corporation from the personal liabilities of its shateholders.It protects the shareholders from personal liability for corporate obligations. Both A and B