Accountancy, asked by Gurveer2077, 1 year ago

What is limited liability and who benefits from it?

Answers

Answered by PiyushSinghRajput1

Like a corporation, LLCs provide full limited personal liability to their members. This means that members have full exemption from personally liability for business debts and obligations. The company can only be held responsible up to the amount of the company's assets.

Previous Question

Next Question

Similar questions

Math, 6 months ago

if 2 is subtracted from the numerator the fraction becomes 1/3 and if 1 is added to the denominator the fraction becomes 1/2 . find the fraction...

Science, 6 months ago

Calculate the molarity of the 10% calcium nitrate solution in water if the total solution to be prepared is 550 ml...

Math, 6 months ago

if one root of the equation x2+ax+3=0 be 1then the value of a is?

Biology, 1 year ago

What are rosettes ? Explain differnt types of configuratin of risettes?

Physics, 1 year ago

What happens to the resistance of a semiconductor when temperature decreases...

Math, 1 year ago

The length and breadth of a rectangular piece of land are in the ratio of 5:3. The owner spent Rs.3000 for surrounding it from all the sides at the rate of Rs.7.50 perimeter. The difference between the length and breadth is...

Chemistry, 1 year ago

name the isotopes with mass number 20 and 21...

Physics, 1 year ago

the large signal bandwidth of an opamp is limited by its...