Question: a . When the business cannot pay its debts, creditors can take the owners' personal assets. b . The owners are oflen referred to as

a. When the business cannot pay its debts, creditors can take the owners' personal assets.
b. The owners are oflen referred to as members.
c. An owner does not have unlimiled liability for the actions of other owners.
d. All owners can have managemenl duties.
e. Musl pay a business (corporale) income tax.
f. Is identified with the words "LP"
 a. When the business cannot pay its debts, creditors can take

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!