Which of the following types of firms have limited liability? a. Partnerships (general) b. Corporations c. Joint Venture d. Sole traders e. Partnerships (general) and corporations

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

Which form of organization offers limited liability to its owners but is not a separate legal entity?  A. Limited partnership  B. Sole proprietorship  C. Partnership  D. Public limited company (PLC)

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 of the following forms of business organizations is an agreement between at least one general partner and at least one limited partner?Multiple choice question.The limited liability proprietorshipThe limited liability companyThe professional limited liability companyThe limited partnership