Question

can have unlimited liability
☐ sole proprietorship
☐ partnership
☐ private (close) corporation
☐ \s\ corporation
☐ \c\ corporation
☐ nonprofit corporation
☐ hybrid structure
☐ business-format franchise
☐ product trade-name franchise
☐ multi-level marketing business
☐ licensing
☐ joint ventures

Explanation:

• Sole Proprietorship: The owner has unlimited liability as they are personally responsible for all debts and obligations of the business.
• Partnership: In a general partnership, partners have unlimited liability (they are personally liable for the partnership's debts and legal obligations). Limited partnerships have both general partners (with unlimited liability) and limited partners (with limited liability, but the question is about "can have" so general partnership aspect means partnership is included).
• Other options like corporations (private, S, C, nonprofit) have limited liability (owners' liability is limited to their investment), franchise types, multi - level marketing, licensing, and joint ventures (in most cases, liability structures are set up to limit personal liability or follow the liability structure of the underlying business entity they are associated with) do not typically have unlimited liability as a defining characteristic in the same way sole proprietorship and partnership (general) do.

Answer:

A. Sole Proprietorship
B. Partnership