Question

5. If the company is with limited liability, the last word of its name should be____
a) limited
b) partly limited
c) unlimited
d) None of the above

Answer 1

Answer:

a) Limited.I think it is the correct one..

Answer 2

If the company is with limited liability the last word should be a partnership. A limited liability partnership is a kind of partnership that protects its owners.

• It is a type of business organisation where they are various characteristics of a corporate business and a sole proprietorship.
• The owners of these types of businesses are known as members. It is set to protect the owners from the personal responsibility of the company's liabilities.
• There are various benefits of a limited liability company like it has a separate legal entity and perpetual existence.