BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A business organization that has some liability protection for the owner is a(n)
A
Corporation
B
Partnership
C
LLC
D
Sole proprietorship
Explanation: 

Detailed explanation-1: -A limited liability company (LLC) is a corporate structure that protects its investors from personal responsibility for its debts or liabilities. A limited partnership is when two or more partners go into business together, with the limited partners only liable up to the amount of their investment.

Detailed explanation-2: -What is a Limited Liability Company (LLC)? A limited liability company (LLC) is a business structure for private companies in the United States, one that combines aspects of partnerships and corporations.

Detailed explanation-3: -Sole proprietorship This means your business assets and liabilities are not separate from your personal assets and liabilities. You can be held personally liable for the debts and obligations of the business. Sole proprietors are still able to get a trade name.

Detailed explanation-4: -The Ltd, which stands for “private limited company”, has shareholders with limited liability, and its shares may not be offered to the general public. The LLC, or limited liability company, also known as “with limited liability” (WLL), provides limited liability to its owners and follows pass-through income taxation.

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