The limited liability protection of the corporate form is unlikely to protect entrepreneurs who take an active role in the daily running of their businesses.

Question

Quizplus · Accepted Answer

This is because if an entrepreneur is actively involved in the daily operations of their business, they may be held personally liable for any wrongdoing or mistakes. Limited liability protection only applies if the business is run separately from the owner and they do not engage in any wrongful or illegal activities.

The Limited Liability Protection of the Corporate Form Is Unlikely