Explain limited liability and identify which legal structures benefit from it.

This curriculum point, Explain limited liability and identify which legal structures benefit from it sits within Benefits, drawbacks and suitability and Business ownership for AQA GCSE Business 8132. Use a business such as SwiftServe serves premium buyers while launching a product; the case evidence includes labour productivity of ?2,858, sales of 98 units, and a 27% change in costs or demand to keep the explanation applied. The important reasoning is to connect limited liability with the business objective, the financial implication, and the effect on managers. Avoid treating margin and markup as the same thing. A high-quality answer should explain the commercial trade-off, use precise evidence, and finish with a judgement that depends on the context rather than a generic definition.