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31 December, 11:08

Corporations and partnerships have an advantage over proprietorships because a sole proprietor is exposed to unlimited liability, but the liability of all investors in the other types of businesses is more limited. TrueFalse

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  1. 31 December, 12:08
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    False

    Explanation:

    The owners of sole proprietorships and general partnerships both have the disadvantage of unlimited liability.

    The owners or partners of limited liability partnerships, limited liability companies, C and S corporations are the ones that are not exposed to unlimited liability.
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