CodyJ8685 CodyJ8685

02-03-2020
Business

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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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jepessoa jepessoa

07-03-2020

Answer:

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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