In a corporation, the members of company share profit, but the liability is limited to

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23-05-2022
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In a corporation, the members of company share profit, but the liability is limited to

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suchetasVT suchetasVT · Answer 1 · 2022-05-26T17:58:19+02:00

In a corporation, the members of the company share profit but the liability is limited to the amount of investment they have made in the company.

What Is Limited Liability?

Limited legal responsibility is a type of legal structure for a company wherein a company loss will now no longer exceed the quantity invested in a partnership or restricted liability corporation (LLC).

Thus, investors' and owners' non-public property aren't at danger if the business enterprise fails.

learn more about Limited Liability here:

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