Multiple Choice
You are 50% owner in a catering corporation. The business is closing down because it has $250,000 in unpaid business debts and just lost a $750,000 lawsuit. What is your personal liability?
A) $0
B) $125,000
C) $250,000
D) $750,000
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q7: Denzel has a lot of expertise in
Q8: In terms of business ownership, what is
Q9: You and four friends are investing $10,000
Q10: Sophia and Frederik are opening a landscape
Q11: With regard to taxation of partnerships, which
Q13: Which form of business organization experiences double
Q14: Sam opened the restaurant of her dreams
Q15: If you are a shareholder in a
Q16: Which of these Canadian companies started out
Q17: Fifteen years ago, Saul started a small