Social Studies, 26.11.2019 23:31, yoyo5752

Limited liability can best be defined as the legal provision that shields owners of a corporation from losing more than what they invested in a firm. protects bond holders from being sued by other creditors. gives holders of preferred stock priority over holders of common stock. reduces the exposure of sole proprietorships to law suits.

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Limited liability can best be defined as the legal provision that shields owners of a corporation fr...