A shareholder in a professional corporation generally cannot be held liable for torts committed by other professionals at the firm,including malpractice and breaches of duty to the firms' clients.

Question

Quizplus · Accepted Answer

Shareholders in a professional corporation are generally not personally liable for the actions of other professionals in the firm, as the corporation provides limited liability protection. However, there may be certain exceptions to this rule depending on the specific circumstances and jurisdiction.

A Shareholder in a Professional Corporation Generally Cannot Be Held