Final answer:
Limited liability for limited partners means they are only responsible for the debts of the business up to the amount they invested, protecting their personal assets (B).
Step-by-step explanation:
The question pertains to the concept of limited liability within a business context, particularly in a partnership. Limited liability means that the limited partners are not personally responsible for the business's debts beyond the amount they have invested in the company. This legal structure is designed to protect the personal assets of the investors, allowing them to risk only the capital they have contributed to the business venture.
The limited liability provided to limited partners means that they are not responsible for the debts of the business beyond the amount they have invested in the company.
For example, if a limited partner invests $10,000 in a business and the business incurs debts of $50,000, the limited partner's liability is limited to their initial investment of $10,000. They are not personally responsible for the additional $40,000 debt.
This protection allows limited partners to mitigate their risk of financial loss in a business venture.