In a C corporation,who is legally liable for its actions?
A)the corporation
B)the shareholders
C)the owner(s)of the company
D)the board of directors

Question

Quizplus · Accepted Answer

In a C corporation, the corporation itself is considered a separate legal entity and is therefore responsible for its own actions and debts. Shareholders are not personally liable for the corporation's actions, except to the extent of their investment in the company. The owner(s) and board of directors may have some level of responsibility and decision-making power, but they are not typically held personally liable for the corporation's actions.

In a C Corporation,who Is Legally Liable for Its Actions