Multiple Cholon 1 point Which of the following statements about corporations is true? the owners of corporations have unlimited liability company stockholders have limited liability all corporations have limited liability some corporations have limited liability,but others have unlimited liability Clear my selection

## Step 1<br />The problem is asking us to identify the correct statement about corporations. The options provided are:<br />- The owners of corporations have unlimited liability<br />- Company stockholders have limited liability<br />- All corporations have limited liability<br />- Some corporations have limited liability, but others have unlimited liability<br /><br />## Step 2<br />We need to understand the concept of liability in the context of corporations. In a corporation, the owners are the shareholders. The shareholders have limited liability, which means they are not personally responsible for the corporation's debts and obligations beyond their investment in the corporation.<br /><br />## Step 3<br />Based on this understanding, we can eliminate the first option, which states that the owners of corporations have unlimited liability. This is not true because shareholders have limited liability.<br /><br />## Step 4<br />The third option, which states that all corporations have limited liability, is also not entirely accurate. While most corporations do have limited liability, there are exceptions.<br /><br />## Step 5<br />The fourth option, which states that some corporations have limited liability, but others have unlimited liability, is also not accurate. All corporations, by definition, have limited liability.<br /><br />## Step 6<br />The second option, which states that company stockholders have limited liability, is the correct answer. This is because, in a corporation, the shareholders (stockholders) have limited liability, meaning they are not personally responsible for the corporation's debts and obligations beyond their investment in the corporation.