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QUESTION IMAGE

select all of the following businesses that can have unlimited liabilit…

Question

select all of the following businesses that can have unlimited liability. partnership non - profit corporation multi - level marketing business sole proprietorship private (close) corporation licensing business - format franchise \s\ corporation

Explanation:

Brief Explanations
  • Partnership: In a general partnership, partners have unlimited liability as they are personally responsible for the partnership's debts.
  • Sole proprietorship: The owner has unlimited liability since the business and the owner are not legally separate, so the owner's personal assets can be used to pay business debts.
  • Other options like corporations (non - profit, private, "S" corporation) have limited liability, and multi - level marketing businesses (if structured as a corporation or LLC) or franchising/licensing arrangements typically don't have unlimited liability in the same way as sole props and general partnerships.

Answer:

A. Partnership, D. Sole proprietorship