question 19 1 pts jim and sherry own lawns for less, inc., a commercial lawn cutting service. the couple…

question 19 1 pts 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 _______. lose only the funds they originally invested in their company lose their personal assets as the result of their companys financial problems lose only the potential profits more than likely lose business assets, including the apartments

question 19 1 pts 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 _______. lose only the funds they originally invested in their company lose their personal assets as the result of their companys financial problems lose only the potential profits more than likely lose business assets, including the apartments

Answer

Brief Explanations:

In a C - corporation, shareholders have limited liability. This means that their personal assets are generally protected. If the business fails, they only stand to lose the amount of money they originally invested in the company. Their personal assets are not at risk due to the company's financial problems. The apartments are likely personal assets and not part of the business assets at risk in case of the lawn - care business failure. Also, losing only potential profits is not the main consequence in case of business failure.

Answer:

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