Which one of the following statements is correct?

Question

Quizplus · Accepted Answer

A company is indeed regarded as a separate legal entity, or in other words, as a 'person' in the eyes of the law. This means that it can be sued, just like a person can be sued. The other statements are incorrect. Shareholders have limited liability, meaning they are not personally responsible for the company's debts, and a limited liability company must have at least one director. Additionally, while directors have certain protections under the law, they can still be subject to prosecution by the company or its shareholders under certain circumstances.

Which One of the Following Statements Is Correct