Which Form of Organization Provides Limited Liability for the Firm

question 55

Multiple Choice

Which form of organization provides limited liability for the firm but yet allows the professionals working within that firm to be sued personally?

• A) Limited liability partnership
• B) Limited liability company
• C) Sole proprietorship
• D) Professional corporation

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Definitions:

Tiny Revolution

Small-scale changes or actions taken by individuals or small groups that contribute to larger societal transformation or shifts in thinking.

Middle Ages

A period in European history spanning from the 5th to the late 15th century, characterized by feudalism, the dominance of the Church, and the beginning of the Renaissance.

Manners

Social behaviors and rules that reflect cultural norms and are considered polite and appropriate in social interactions.