Question on: JAMB Economics - 2018
A limited liability company is owned by________________
A
a bank
B
an individual
C
two or more partners
D
share holders
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Correct Option: D
A limited liability company is a type of business structure where the company's owners (shareholders) are not personally liable for the company's debts. This means that the shareholders' personal assets are protected in case the company faces financial difficulties or legal issues.
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