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Yes, a corporation has limited liability, meaning that its shareholders are typically not personally responsible for the corporation's debts and liabilities. Their financial risk is generally limited to the amount they invested in the corporation's shares. This legal protection encourages investment, as individuals can participate in business ventures without risking their personal assets. However, there are exceptions, such as cases of fraud or personal guarantees.
What else can I help you with?
Is Target Corporation a limited liability corporation?
No
What type of business has limited liability?
An LLC (Limited Liability Corporation).
Is exxonMobil a limited liability corporation?
Not exactly, ExxonMobile is a Limited Liability Company (LLC). An LLC is a company not a corporation.
What is a ltd corporation a c corporation or s corporation?
LTD stands for Limited Liability. Either type of corporation would qualify in that the owners' liability is limited.
What litigation rules apply to a limited liability corporation in California?
California Limited Liability Company Act (“LLC Act”) apply to limited liability corporation. Visit www.corp.ca.gov for more details.
What type of corporation is Harpo Inc?
limited liability corporation
A business that enjoys limited liability is?
Corporation
Which of these is a major advantage of a corporation?
Limited liability is a major advantage of a corporation.
What is a WLL company and what does that stand for?
A "WLL" company is a type of limited-liability corporation, where WLL stands for "With Limited Liability." The rules for a WLL vary by country. In the US, the LLC ("Limited Liability Corporation") business type is similar.
Who can file as a limited liability corporation in California?
If you intend to "do business as" a name different from your corporation or LLC name, then you can file as a limited liability corporation in California. Read more at www.sos.ca.gov/business/be/faqs.htm -
What is limited liability?
shareholders are not responsible for the debts of the corporation.
What does Class LLC mean?
Limited Liability Corporation.
