Which of the following forms of business is associated with unlimited liability to the owners?

A) Cooperatives
B) Quasi-public corporations
C) S Corporations
D) Sole proprietorships
E) C Corporations

Question

Which of the following forms of business is associated with unlimited liability to the owners?A) CooperativesB) Quasi-public corporationsC) S CorporationsD) Sole proprietorshipsE) C Corporations

Lakshika Rathore · Accepted Answer

Final Answer : D, Explanation :  Sole proprietorships are associated with unlimited liability, meaning the owner is personally responsible for all the debts and obligations of the business. This contrasts with corporations and S corporations, where liability is typically limited to the amount invested in the business.

Which of the following forms of business is associated with unlimited liability to the owners?

A) Cooperatives
B) Quasi-public corporations
C) S Corporations
D) Sole proprietorships
E) C Corporations

Definitions

Learning Objectives

Learning Objectives

Related questions