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Owners in which of the following forms of business have limited liability? a) corporations b) proprietorships...

Owners in which of the following forms of business have limited liability?

a) corporations

b) proprietorships

c) partnerships

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Answer #1

Option A is correct. Corporate.

In Corporation the owners have limited iabilities. the liability is limited the value of shares owed to the company, Shareholders are not responsible for unlimited losses. while in Proprietorships and Partnerships the partners have unlimited liabilities.

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