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Which organizational types results in the business owner having unlimited liability?

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User Ashouri
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1 Answer

1 vote

Answer:

general partnerships and sole proprietorships.

Step-by-step explanation:

Yes, corporations afford shareholders protections from business liabilities and debts. Although the business itself does not have limited protections, the business absorbs any liabilities, while the owners/shareholders do not have to pay for such obligations from their personal assets.

answered
User Kavindu Nilshan
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