In a limited liability business, an owner does not face the responsibility for the firm's success or failure. Thus, option B is correct.
An organization is an entity that engages in economic, manufacturing, or research projects is referred to as a business.
Limited liability firms, sole proprietors, corporations, and partnerships are some famous forms of business.
In a limited liability business, the owners are called the members of that firm who usually take a part of the income in the form of salary, and on that salary, there will be tax paid, and it won't be a part of the business anymore. This implies that a firm's success or failure does not affect them much. Therefore, option B is the correct option.
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