Generally,professional shareholders are personally liable for the obligations of the professional corporation.

Question

Quizplus · Accepted Answer

While professional shareholders have no personal liability for the obligations of the professional corporation,such as a building lease,they retain unlimited liability to their clients for their professional malpractice.A professional will have no personal liability,however,for the malpractice of a fellow shareholder or associate.

Generally,professional Shareholders Are Personally Liable for the Obligations of the Professional