jim and sherry own lawns for less, inc., a commercial lawn cutting service. the couple supplements their…

jim and sherry own lawns for less, inc., a commercial lawn cutting service. the couple supplements their income with the rentals from a few apartment buildings that they own. they incorporated the lawn care business in order to keep it separate from their other income. as a c - corporation, if the business should fail, the couple would _______. more than likely lose business assets, including the apartments lose their personal assets as the result of their company’s financial problems lose only the potential profits lose only the funds they originally invested in their company

jim and sherry own lawns for less, inc., a commercial lawn cutting service. the couple supplements their income with the rentals from a few apartment buildings that they own. they incorporated the lawn care business in order to keep it separate from their other income. as a c - corporation, if the business should fail, the couple would _______. more than likely lose business assets, including the apartments lose their personal assets as the result of their company’s financial problems lose only the potential profits lose only the funds they originally invested in their company

Answer

Brief Explanations:

In a C - corporation, shareholders have limited liability. Their personal assets are generally protected from the corporation's debts and financial problems. They are at risk only to the extent of their investment in the company. The apartments are personal assets separate from the business investment in the lawn - care C - corporation.

Answer:

D. lose only the funds they originally invested in their company