The limited liability is associated with the public limited company results from: (a) Companies as legal entities, separate from their owners (b) Possibility of suffering losses is lesser (c) Company can borrow funds from banks easily (d) There are large number of shareholders to share the liability
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a is the correct options
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It results from (a) Companies as legal entities, separate from their owners
- Because an integrated firm is seen as a separate and independent legal entity, its holders may have less culpability in the event of a lawsuit.
- In most cases, an owner of such company is not legally liable for its activities. As a result, an owner cannot be sued for any of the enterprise's considerable dues.
- The assets are also protected and are not accountable to the business's creditors. However, there can be circumstances where LLC owner might be sued individually for few activities of an enterprise.
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