Although a company is a distinct legal entity,it is not separate from its shareholders.

Name: Although a company is a distinct legal entity,it is not separate from its shareholders.
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Question

Quizplus · Accepted Answer

Although the company is a separate legal entity, it is considered distinct and separate from its shareholders. Shareholders are only liable for the debts and obligations of the company up to the amount of their investment in the company.

Although a Company Is a Distinct Legal Entity,it Is Not