BACHELOR OF BUSINESS ADMINISTRATION

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: -Limited liability company (LLC) Profits and losses can get passed through to your personal income without facing corporate taxes.

Detailed explanation-3: -Sole Proprietorship It is the simplest form of business organization. Proprietorships have no existence apart from the owners. The liabilities associated with the business are the personal liabilities of the owner, and the business terminates upon the proprietor’s death.

Detailed explanation-4: -Sole proprietors have unlimited liability and are legally responsible for all debts against the business. Their business and personal assets are at risk.

Detailed explanation-5: -Unlimited liability for general partners only. In a limited partnership (LP), at least one partner has unlimited liability-the general partner(s). The other partners (limited partners) have limited liability, meaning their personal assets typically cannot be used to satisfy business debts and liabilities.