Question

which of the following types of business ownership has the highest personal liability risk? a. a partnership b. a sole proprietorship c. a c corporation d. an llc

Explanation:

Sole proprietorships have unlimited personal liability, meaning the owner's personal assets are fully at risk to cover business debts and legal claims. Partnerships also have personal liability but split among partners, while C corporations and LLCs (Limited Liability Companies) offer limited personal liability, protecting owners' personal assets from most business obligations.

Answer:

B. A sole proprietorship