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What does limited liability mean in the context... - SS1 Commerce Meaning of limited liability company Question

What does limited liability mean in the context of a limited liability company (LLC)?

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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