Answered

Which one of the following types of businesses has the least amount of personal liability?

APartnership
BSole proprietorship
CClose corporation
DCorporation

Verified Answer :

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DCORPORATION has the least amount of personal liability.

A CORPORATION is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.

Because a corporation is identified as a separate legal entity, owners of the corporation has limited amount of legal liability for the corporation's business activities and debts.

Answer:

D. Corporation

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