Under which one of the following business organizations do the owners have unlimited liability for all debts of the firm?
a.partnership
b.limited partnership
c.corporation subchapter
d.S corporation

Respuesta :

Answer:

a.partnership

Explanation:

A partnership is when at least two people come together to start a business.

A partnership has unlimited liabilities. It means the personal assets of partners can be used to pay off the debts of the business.

A limited liability company is a company in which the liability of partners is limited to the amount invested in the business.

A corporation is a business where investors can become owners of the company by purchasing shares of the company. A corporation has limited liability. S corporation and corporation subchapter are types of corporation with at most 100 shareholders. The s corporation and corporation subchapter are taxed like a partnership.

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