Which of the Following Shields the Personal Assets of the Owner(s)

question 43

Multiple Choice

Which of the following shields the personal assets of the owner(s) from the liabilities of the business?

• A) Limited partnership.
• B) Limited liability partnership.
• C) Limited liability company.
• D) General partnership.

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Definitions:

Makers

Makers are individuals or groups engaged in the creation or manufacture of goods, often emphasizing handcrafted and uniquely designed products.

VALS Typology

A psychographic segmentation tool that categorizes consumers into eight distinct types based on their values, attitudes, and lifestyles.

Achiever

An individual who shows a high level of accomplishment or success, particularly in setting and reaching goals.

Survivor

An individual who has remained alive or continued to exist, especially after facing a dangerous situation or overcoming significant hardship.