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Is it true or false that shareholders in a corporation are not legally responsible for paying the debts of the corporation

Is it true or false that shareholders in a corporation are not legally responsible for paying the debts of the corporation
asked 120k views
2 votes
Is it true or false that shareholders in a corporation are not legally responsible for paying the debts of the corporation

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User Andy Mardell
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7.8k points

1 Answer

5 votes
That is true. Shareholders are just like representatives to the company. They are not affiliated to the expenses of the corporation.
answered
User Pktangyue
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7.7k points
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