Which of the following is the most important feature of a corporation?
A)It is taxable.
B)It provides limited liability to its shareholders.
C)It can have more than one owner.
D)It has a limited life span.

Question

Quizplus · Accepted Answer

Limited liability is the most important feature of a corporation because it shields the shareholders from personal liability for the debts and actions of the corporation. This means that the shareholders' personal assets are protected, and they can only lose the amount of money they have invested in the corporation.

Which of the Following Is the Most Important Feature of a Corporation