A type of business organization that is treated as a legal person and whose owners (shareholders) enjoy limited liability is asole proprietorshipcorporationpartnershipnone of the above

A type of business organization that is owned by one person who gets all the profit of the business but assumes all of the risk is asole proprietorshipcorporationpartnershipnone of the above

A business organization owned by two or more people who share in the company's profits and losses, but who must incur unlimited liability is apartnershipcorporationsole proprietorshipnone of the above

In which form of organization, the liability of the owners is limited to the amount invested in the business?  A. Corporation  B. Sole proprietorship  C. Partnership  D. Limited liability partnership (LLP)

Limited liability is a benefit for the owners of: Group of answer choicessole proprietorships and partnershipspartnershipscompanies/corporationsole proprietorships

Which form of organization provides limited liability to its owners and allows for easier transfer of ownership?  A. Sole Proprietorship  B. Partnership  C. Corporation  D. Limited Liability Partnership