Owners of a ____ do not have unlimited liability.

In a corporation, owners—known as shareholders—do not have unlimited liability. This means that their financial liability for the corporation's debts and obligations is limited to the amount they have invested in the company through purchasing shares. This structure provides a layer of protection for personal assets, shielding them from being used to settle corporate debts.

In contrast, in a sole proprietorship, the owner is fully responsible for all liabilities, meaning their personal assets can be at risk. Similarly, in a partnership, the partners typically share the liabilities of the business, which can also extend to personal assets. While cooperatives may offer some protection and limit liability, they do not provide the same level of legal separation from owners' personal finances as a corporation does. This distinction makes corporations a popular choice for business owners looking to mitigate personal financial risk.