Concept:A limited liability company is a separate legal entity from its owners.
Explanation:One key feature of a limited liability company is separate legal personality.
This means the company can own assets, enter contracts, and take legal action in its own name.
As a result, it can sue and be sued.
Option A is wrong because it describes sole proprietors, not a company.
Option B is wrong because a limited liability company is not simply a multiple partnership.
Option C is wrong because limited liability does not mean limited resources.
Therefore, the best distinguishing characteristic is that it can sue and be sued.
Answer:D. can sue and be sued