In K.C.Roofing Center v.On Top Roofing,the courts held that the owners of a
corporation were not liable for the debts of the business entity.
Correct Answer:
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Q121: In In re 1545 Ocean Avenue, LLC,
Q122: If the court "pierces the corporate veil"
Q125: In a corporation, the profits are taxed
Q128: Franchise operators usually pay a franchise fee
Q129: The income from a partnership is taxed
Q134: It may be difficult to sell a
Q135: In In re 1545 Ocean Avenue, LLC,
Q137: A closed corporation typically limits the right
Q138: Partners in partnerships and shareholders in corporations,
Q140: When the sole owner of a corporation
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