A distinguishing characteristic of a limited liability company is that
- is a collection of many sole proprietors
- is a multiple partnership
-
has limited resources
- can sue and be sued
The correct answer is: C
Explanation
A ''limited liability'' company means that in the event of folding up, the liabilities of the business are limited to the invested capital. This means that the personal properties and assets of the business owner cannot be used to settle the company's liabilities/debts.