4304a866_tion_vs_LLP_vs_Sole_Proprietor__3
[0] Personal Liability of Owners [1] Generally, no personal liability of shareholders for corporate obligations. [2] Generally, no personal liability of shareholders for corporate obligations. [4] Generally, no personal liability for company obligations by limited partners unless stated in agreement. [5] Business owner is personally liable for business obligations. [3] 
Generally, no personal liability for company obligations by members.
LLC vs Corporation vs LLP vs Sole Proprietor
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