0
What one of the following statements about limited liability is correct?
Wiki User
∙ 8y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Which one of the following types of businesses has the least amount of personal liability?
In limited company,the amount of personal liability is only limited to the shares you own and there is no personal liability.And the highest personal liability is in soleproprietorship.
What does the term limited liability mean in corporate context?
Yes you are correct. Limited means limited liability for the owners or principles of the company. It does not however limit the liabilities of the company itself. only the principles personal assets are protected.
Does McDonald's have limited or unlimited liability?
limited liability.
What is private liability?
Private liability is a type of company that offers limited liability. This limited liability can also include limited legal protection for its shareholders.
What is key value of limited liability?
That would be Limited Liability.
What type of business has limited liability?
An LLC (Limited Liability Corporation).
How should a limited liability ompany value its asses so as to best inform those who use its financial statements?
you mean assets dont you lol
How many limited liability partnerships compare with general partnerships?
The main difference between limited liability partnership and general partnerships is limited liability. Partners of an general partnerships are liable for all debts accumulated. Partners of an limited liability partnership are enjoying limited personal liability protection. However many people may prefer to incorporate Limited Liability Company instead of an limited liability partnership.
HIPAA Which are the following are true statements about limited data sets?
all of the above - in regards to HIPAA recert
What does LLP after a company name stand for?
Limited Liability Partnership
What are the advantages of being a limited liability company?
A limited liability company, or LLC, is its own entity and can possess assets, property, and liability. This allows you shield your personal assets from the assets of the limited liability company.
Which Of the following statements describes limited government?
Everyone, even authority figures, must obey the laws
