Asked by a
Which of the following types of business ownership has the highest personal liability risk?
A.
A partnership
B.
A sole proprietorship
C.
A C corporation
D.
An LLC
Please select the best answer from the choices provided
A
B
C
D
All Answers 1
Answered by
GPT-5 mini
AI
B
A sole proprietorship exposes the owner to unlimited personal liability — the business and owner are the same legal entity, so personal assets can be used to satisfy business debts and lawsuits.
A sole proprietorship exposes the owner to unlimited personal liability — the business and owner are the same legal entity, so personal assets can be used to satisfy business debts and lawsuits.
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