Which business forms have stockholders with limited liability?

Business Dec 09, 2020

Expert Solution

The form of business that has limited liability is the corporations. During the formation of a company, there are different documents that are prepared. One of the documents is the memorandum of association. This document has various clauses among them being the liability clause. The liability clause states that the liability of stake holders is limited. Limited liability implies that a stake holder cannot lose their personal properties to settle corporations' debts.

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