Limited liability for a company applies to the:

Name: Limited liability for a company applies to the:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Limited liability for a company applies to the shareholders, meaning they are only liable for the amount they invested in the company and not for any outstanding debts or legal issues. Executive directors, members of the board of directors, and managers may have certain obligations and responsibilities, but they do not have the same level of limited liability as shareholders.

Limited Liability for a Company Applies to The