Tasmeen owns a retail business along with four other people. Like the other owners, Tasmeen is not personally responsible for the debts of the company. Her personal assets are thus protected in case the company incurs losses. Given this information, it can be assumed that Tasmeen _____.

Question

Quizplus · Accepted Answer

In a corporation, owners (shareholders) are not personally liable for the company's debts, protecting their personal assets.

Tasmeen Owns a Retail Business Along with Four Other People