Limited liability means that a shareholder can never be held liable for the obligations of the corporation.

Name: Limited liability means that a shareholder can never be held liable for the obligations of the corporation.
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Limited liability means a shareholder's financial liability is limited to the amount of money they have invested in the corporation, but it does not completely eliminate the possibility of being held liable under certain legal exceptions or circumstances.

Limited Liability Means That a Shareholder Can Never Be Held