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Which one of the following types of businesses has the least amount of personal liability?

A. Partnership
B. Sole proprietorship
C. Close corporation
D. Corporation

User Greg Dean
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2 Answers

3 votes

Answer:

D. Corporation

Hope this helps! :)

User Dondondon
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D. CORPORATION has the least amount of personal liability.

A CORPORATION is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.

Because a corporation is identified as a separate legal entity, owners of the corporation has limited amount of legal liability for the corporation's business activities and debts.
User ShyJ
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