Which of the following statements is true for a no liability company?
A)Shareholders have no liability for the outstanding debts of the company
B)In Australia,no liabilities companies are solely mining companies
C)Shareholders are attracted to no liability companies as there is the
Possibility of obtaining a good return on their investment
D)All the statements about no liability companies are true

Question

Quizplus · Accepted Answer

All the statements about no liability companies are true: Shareholders have no liability for debts, they are typically mining companies in Australia, and they can attract investors seeking good returns.

Which of the Following Statements Is True for a No