EASY MEDALS!!!!!Which legal form of business limits the liability to the business assets?

A) sole proprietorship

B) partnership

C) corporation

D) business owned by one person

Question

EASY MEDALS!!!!!Which legal form of business limits the liability to the business assets?

A) sole proprietorship

B) partnership

C) corporation

D) business owned by one person

anonymous · Answer

Might be A. I may be wrong though.

anonymous · Answer

I said corporation but I'm not sure if I was right.

anonymous · Answer

this will help http://www.asha.org/practice/BusinessEntities/

anonymous · Answer

so the right answer is a partnership I assume.

anonymous · Answer

A corporation is a fictitious "person," and the liabilities it has are limited to it, not to the individuals in it, except to the extent of the business assets.