History of North America

What statement concerning corporation in the US after 1865 is most accurate?

Corporations in the United States after 1865 were often created by state charters with limited liability or "limited legal responsibility.", meaning their investors would not be personally responsible for the debts and obligations of the corporation beyond their initial investment.

This form of corporate structure, known as limited liability, enabled individuals and investors to engage in entrepreneurial ventures and economic activities with reduced personal financial risk, thereby encouraging entrepreneurialism and capital investment during this period.