Shareholders in a corporation are personally liable for the company's obligations.
BT: Knowledge

Name: Shareholders in a corporation are personally liable for the company's obligations. BT: Knowledge
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Shareholders in a corporation are not personally liable for the company's obligations. Their liability is limited only to the amount of their investment in the company. This is known as the principle of limited liability, which is a fundamental characteristic of a corporation.

Shareholders in a Corporation Are Personally Liable for the Company's