Question

Which one of the following types of businesses has the least amount of personal liability?

A. Partnership
B. Sole proprietorship
C. Close corporation
D. Corporation

Answer 1

D. Corporation

Hope this helps! :)

Answer 2

D. CORPORATION has the least amount of personal liability.

A CORPORATION is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.

Because a corporation is identified as a separate legal entity, owners of the corporation has limited amount of legal liability for the corporation's business activities and debts.