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Owners of stock in corporations (both publicly and privately held) have what is called "Limited Liability," which means that the owner is only liable up to the amount that he has invested into the business. In the event of litigation or liquidation, the corporation itself is considered the liable entity, not the owners. The exception is that in certain circumstances when an owner or manager has deliberately acted in a deceptive manner, the "corporate veil" can be pierced and the individual can be held liable.
What else can I help you with?
Is newsmax a public corporation?
No, Newsmax Media, Inc. is a privately-held corporation.
If a corporation is sued for selling unsafe products and loses the suit and is held liable who is responsible for the debt?
the shareholders
What makes a publicly held corporation different from a public corporation?
No difference. The terms are synonymous. It implies the opposite of a "private," "not traded," or "family owned," type corporation. @Bob811 - That is incorrect! A public corporation is government owned whereas a publicly held corporation has shareholders.
Is BBT bank a publicly held corporation?
Yes BB&T is a public corporation.
When an S-Corporation dissolves can the officers be held liable for its debt?
A s-corp is a designation assigned by filing special forms with the IRS. Its a corporation, taxed like a partnership. Thus no liability for officers.
When an S Corporation dissolves can the officers be held liable for its debt?
A s-corp is a designation assigned by filing special forms with the IRS. Its a corporation, taxed like a partnership. Thus no liability for officers.
Is at and t a public corporation?
Yes at&t is publically held. Stock symbol is t
When can you impose criminal liability on a corporation for the acts of its employees?
When the employees were acting as agents of the company with the permission of the company and the company knew fully well and was aware that the employees committed crimes with the representation allowed by the company.
What is the difference between a closely held corporation and a publicly held corporation?
A closely held corporation does not have its stock available for the public to buy and be a part of. Stocks in these kind of companies are kept in small circles of people related to the company's owners.A publicly held corporation trades its stock over a stock market and anyone (with sufficient funds) is able to buy, trade, and sell that company's stocks.
As a notary you may be held liable if not adhering to the Wot policy - Correct?
Yes, I may be held liable for my actions
A running car is stolen and a crime committed with it are you held liable?
you can be held liable if you do not report it before the crime takes place however a investigation will take place before you are charged and if you are innocent you wont be held liable.
Difference between partnership and public limited company?
A partnership is a legal term to define a joint venture of 2 or more persons. In a partnership all of the partners are jointly and severally liable for any losses. In this type of arrangement each partner can be forced to pay for all of any debts. They would then have the option of going after the other partners for their pro-rata share of the debt. In a limited partnership the only entity liable for the debts is the "general partner". The general partner can be either a person or another partnership or corporation. In a corporation the corporation is the only entity liable for debts. The owners are not liable. The corporation is a fictional "person" in the eyes of the law.
