Limited liability for a company applies to:
A)the managers
B)the board of directors collectively
C)the individual directors
D)the shareholders

Question

Quizplus · Accepted Answer

Limited liability for a company applies to the shareholders, meaning their personal assets are protected if the company is sued or goes bankrupt. The managers, board of directors, and individual directors may still be held personally liable for their own actions, but the company's overall liability is limited to the assets of the company itself.

Limited Liability for a Company Applies To