Generally, the owners of a corporation are personally liable for its debts.

Name: Generally, the owners of a corporation are personally liable for its debts.
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The owners of a corporation are not personally liable for its debts, as the corporation is considered a separate legal entity from its owners. However, there are some exceptions such as when owners personally guarantee loans or when there is fraud or illegal conduct involved.

Generally, the Owners of a Corporation Are Personally Liable for Its