Purchase Solution

Limited liability as a corporate shareholder

Not what you're looking for?

Ask Custom Question

What specific liabilities, if any, will you be exposed in a corporation.

I need help finding a website and a start to this question.

Purchase this Solution

Solution Summary

The solution provides four types of situations in which a shareholder in a corporation could be held liable for actions and/or liabilities of the corporation. Two of the four are cited for further information.

Solution Preview

I assume you are speaking about a shareholder being personally exposed for some part of the liabilities of a corporation. Limited liability is an important aspect in the formation of a corporation, but whether a corporation is taxed as a "C" or an "S" doesn't change the underlying protection ...

Purchase this Solution


Free BrainMass Quizzes
Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Operations Management

This quiz tests a student's knowledge about Operations Management

Learning Lean

This quiz will help you understand the basic concepts of Lean.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.