Limited liability means?

a

the debts of a company can only be paid from its own assets

b

the debts of a company are paid from business as well as private funds of the owners

c

government cannot tax the company

d

the debts of a company must be paid from private funds only

e

the company does not have to pay its debts

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a

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Deepthinker581
4 years ago

limited liability, condition under which the losses that owners (shareholders) of a business firm may incur are limited to the amount of capital invested by them in the business and do not extend to their personal assets.

I suggest option B

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