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The form of business organization that has the advantage of limited liability is a?
Wiki User
∙ 11y ago
corporation
Wiki User
∙ 11y ago
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Unlimited personal liability is a drawback with corporate form of business organization?
Limited personal liability is the advantage of incorporating your business.
What is the least expensive form of business organization?
Limited liability company which has single director
What type of business has limited liability?
An LLC (Limited Liability Corporation).
A business that enjoys limited liability is?
Corporation
Under this type of business structure liability is limited only to the assets of the business and does not extend to individuals?
Theres more than one but the one your looking for is called an (LLC) Limited Liability Company Corporations also have a limited liability.
Unlimited personal liability is a drawback with corporate form of business organization?
Limited personal liability is the advantage of incorporating your business.
What is the meaning of W.L.L?
With Limited Liability in a business organization
What is the least expensive form of business organization?
Limited liability company which has single director
The partnership form of business organization a. is a separate legal entity. b. is a common form of organization for service-type businesses. c. enjoys an unlimited life. d. has limited liability.?
A partnership has limited liability.
What type of business has limited liability?
An LLC (Limited Liability Corporation).
Which type of business organization has shareholders?
A corporation is the type of business organization that has shareholders. Other organizations call the owners by other names such as a partner in a partnership and a member of a limited liability company.
What is the types of business that is the easiest to form?
The easiest form of business organization to start and stop is the limited liability company. sole proprietorship. corporation. partnership.
What factors affecting choice of organization?
-Age -Need for finance -Size -Limited liability -Degree of control -Nature of business
What type of business organization gives authority to a number of managers to run their own departments?
Limited Liability Companies
Which of these is a major advantage of a corporation?
Limited liability is a major advantage of a corporation.
Which is an advantage of a limited partnership?
Liability Protection:In general partnerships, each participant is personally responsible for the actions of the company. This includes debts, liabilities and the wrongful acts of other partners. One advantage of a limited liability partnership is the liability protection it affords.Flexibility:Liability partnerships offer participants flexibility in business ownership.
Why should you make your small business a limited liability company?
The move to a limited liability company completely depends on the type of small business they own. For most small businesses, turning into a limited liability business is worthwhile.
