ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which type of business ownership provides limited liability for the owner(s)?
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corporation
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sole proprietorship
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general partnership
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all of the above
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Explanation:
Detailed explanation-1: -Limited liability company (LLC)
Detailed explanation-2: -limited liability, condition under which the losses that owners (shareholders) of a business firm may incur are limited to the amount of capital invested by them in the business and do not extend to their personal assets.
Detailed explanation-3: -A corporation is a business entity that is owned by its shareholder(s), who elect a board of directors to oversee the organization’s activities.
Detailed explanation-4: -professional services like accountants or solicitors. cafes, bars and restaurants. handymen, builders and contractors.
There is 1 question to complete.