Question

Because owners are only responsible for losses up to the amount they have invested in a corporation, limited liability is considered:

Answer 1

Because owners are only responsible for losses up to the amount they have invested in a corporation, limited liability is considered a major advantage.

What is a limited liability?

Limited liability is when the maximum amount an investor in a business can lose is the amount invested in the business. When the liabilities of investors are unlimited, once the amount invested has been used to pay for liability and their is still business debt, the person resources of investors would be used to pay the debt.

To learn more about limited liability, please check: brainly.com/question/14609616

#SPJ1