Question on: SS1 Commerce - Meaning of limited liability company
What does limited liability mean in the context of a limited liability company (LLC)?
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A
The owners have unlimited personal liability for the company's debts and obligations.
B
The owners have limited personal liability for the company's debts and obligations.
C
What does limited liability mean in the context of a limited liability company (LLC)?
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Correct Option: B
What does limited liability mean in the context of a limited liability company (LLC)?
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