The Liability of All Owners in Both a Limited Liability

question 172

True/False

The liability of all owners in both a limited liability company and a limited partnership is limited to the owners' investment in the company.

---

Definitions:

Gold

A precious metal used historically as a store of value, for investment, and in various industrial and technological applications.

Ethanol

A volatile, flammable, colorless liquid alcohol used as a fuel additive and in alcoholic beverages.

Government

The organization or system through which a community, state, or nation is governed and regulatory policies are implemented.

Subsidizes

Financial aid supplied by the government to an industry or business so that the price of a commodity or service may remain low or competitive.