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2.4.2 Test (CST): Microeconomics
Question 4 of 20
What benefit does a limited liability company have that a corporation does
not?
A. A limited liability company has an unlimited life span.
B. A limited liability company has access to more resources.
C. A limited liability company is easier to start.
D. A limited liability company offers its owners more protections.
<SUBMIT
Q A
X



Answer :

GinnyAnswer

Final answer:

A limited liability company offers owners protection by limiting their liability to their investment in the company.


Explanation:

A limited liability company provides owners with protections by limiting their liability to their investment in the company, safeguarding personal assets.

Unlike a corporation, a limited liability company offers this key benefit, ensuring owners are not at risk of losing personal belongings if the business fails.

This characteristic underscores the importance of limited liability as a defining feature of this business structure.


Learn more about Limited Liability Company here:

https://brainly.com/question/36399287


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