
Subchapter S or S Corporation shareholders have personal liability for corporate debts.
Correct Answer:
Verified
Q49: A LLP can be created by implication.
Q50: A limited liability company can be created
Q51: Limited liability companies,limited liability partnerships,limited partnerships,general partnerships,sole
Q52: Upon termination of both limited and general
Q53: All owners in an LLP have limited
Q55: Limited liability companies are peculiar to the
Q56: Owners of limited liability companies enjoy flow-through
Q57: An assignment of a limited partner's interest
Q58: A merger requires a board resolution and
Q59: An inadequately capitalized corporation can have its
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents