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Why is limited liability advantageous for a business organization
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19 votes
19 votes
Why is limited liability advantageous for a business organization

User Brittohalloran
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2 Answers

15 votes
15 votes

Answer:

if something goes wrong, the company and not the people are responsible or liable

Step-by-step explanation:

User Uriel Frankel
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3.2k points
15 votes
15 votes

Answer:

No restrictions on the number of members allowed. Members have flexibility in structuring the company management. Does not require as much annual paperwork or have as many formalities as corporations. Owners are not personally responsible for business debts and liabilities.

Step-by-step explanation:

User YanMeng
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3.1k points
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