What specific liabilities, if any, will you be exposed in a corporation.
I need help finding a website and a start to this question.© BrainMass Inc. brainmass.com March 4, 2021, 8:04 pm ad1c9bdddf
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 ...
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.