Where a corporation borrows money, only the corporation is responsible for that debt, not the shareholders.

Name: Where a corporation borrows money, only the corporation is responsible for that debt, not the shareholders.
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When a corporation borrows money, it is the legal entity itself that is responsible for repaying the debt. Shareholders have limited liability, meaning they are not personally responsible for the corporation's debts.

Where a Corporation Borrows Money, Only the Corporation Is Responsible