A business organizational form in which limited partner(s)/member(s) are not liable for debts of the organization is called?

The correct answer is Limited Partnership. This organizational form is specifically designed to allow for limited partners, who contribute capital and share in the profits but do not participate in the management of the business. As a result, their liability for the debts of the organization is limited to the extent of their investment. This offers a degree of financial protection, as limited partners are not personally responsible for business debts beyond their contributed capital.

In contrast, a general partnership involves partners who manage the business and are fully liable for its debts. A sole proprietorship is owned by a single individual who bears unlimited liability for all debts and obligations incurred by the business. A corporation, while it does provide limited liability to its shareholders, is a distinct form of organization that is separate from a limited partnership in terms of its structure and regulatory requirements. Thus, limited partnerships uniquely provide the liability protection described in the question.