[Answer] Which of the following types of business ownership has the highest personal liability risk? (Select the best answer.)

Answer: A partnership
Which of the following types of business ownership has the highest personal liability risk? (Select the best answer.)

A risk retention group (RRG) is an alternative risk transfer entity created by the federal Liability Risk Retention Act (LRRA). RRGs must form as liability insurance companies under the laws of at least one stateā€”its charter state or domicile. The policyholders of the RRG are also its owners and membership must be limited to organizations or persons engaged in similar businesses or …

A limited liability company (LLC) is the US-specific form of a private limited company.It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under state law; it is a legal form of a company that provides limited liability to its owners in many jurisdictions.

IT risk – Wikipedia

Risk retention group – Wikipedia

IT risk – Wikipedia

Business ownership within England and Wales – Wikipedia

Insurance is a means of protection from financia…

Leave a Reply