Samala is an intern at your advisory practice. She asks "what does limited liability mean?"

Group of answer choices

Company members' liability for the debts of a company are limited to the extent of any unpaid amount on the nominal value of their shares or the amount of their guarantees.

A company's liability for its debts are limited to the extent of its paid-up share capital.

A company must use "Pty Ltd" or "Ltd" after its name.

A company's debts are its own.