Business organization where owners are not immediatly or fully liable for the business finances is called a:?

a. partnership
b. corporation
c. sole propritorship
d. non-local stores

Answer:
B. a company is a seperate legal entity, owners can appoint directors and there is a corporate veil, which usually is not unveiled unless in exceptional cases such as fraud.

not exactly an economics question, but law modules are in my degree as well, so i guess i can help.
I thought it was LLC or Ltd.?

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