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23 December, 01:19

Which of the following types of companies provide personal liability protection for their owners?

a. Sole proprietorships and partnerships

b. Hierarchical companies and matrix organizations

c. Corporations and LLCs

d. Trademarked and licensed companies

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Answers (1)
  1. 23 December, 05:10
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    C.) Corporations and LLCs are the types of companies that provide personal liability protection for their owners.

    Corporations and LLCs are businesses that have its own legal identity that is separate from its owners. It can conduct business transactions like any legal person but its liability is only limited to the assets of the company.

    In the event that the company goes bankrupt, the creditors cannot demand payment from the personal assets of the owners.
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Home » Business » Which of the following types of companies provide personal liability protection for their owners? a. Sole proprietorships and partnerships b. Hierarchical companies and matrix organizations c. Corporations and LLCs d.
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