True $($put a T on the line$)$ or False $($put an F on the line$)$

$.......1.$ LIMITED LIABILITY means that the business owner is responsible for

all the losses of the business.

$......2.$ There are different kinds of partnerships.

$.......3.$ A limited partnership has $1$ or more general partners partners who

have limited liability and $1$ or more partners whose liability is limited only to their Invested capital.

$.......4$ Private corporations have a limit on their number of shares

Available.

$........5.$ Public corporations provide many advantages to investors including

Limited liability