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What is the difference in the limit of liability of the member or shareholder in each type of enterprise?

Members of Multiple-member Limited Liability Companies, Owners of Single-member Limited Liability Companies, Shareholders of Joint Stock Companies, and Limited partners of Partnerships are liable for debts and other property obligations of the enterprise to the extent of the capital contributed to the enterprise.

General partners of a Partnership are liable with all their assets for the obligations of the Partnerships.

Owners of Sole proprietorship are liable with all their assets for all activities of the enterprise.

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