Answer:
The fact that a corporation has limited liability means that the owners or shareholders of the corporation are not personally responsible for the debts or obligations of the corporation beyond the amount of their investment. In other words, the liability of the owners or shareholders is limited to the amount of money they have invested in the corporation. This is one of the key advantages of forming a corporation, as it provides a level of protection for the owners or shareholders in the event that the corporation incurs significant debts or is sued for damages.