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Shareholders of , a Corporation is Form

Shareholders of , a Corporation is Form

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to what extent are shareholders personally liable for the debts or obligations of the corporation and and personal liability uh as we've discussed means that their personal assets their bank account their home their car their uh other assets uh could be subject to attachment or reach by creditors of the corporation so to what extent is that so well generally shareholders are so removed from the corporation that they face no personal liability for the debts and obligations of the corporation and debts and obligations include both uh potential liability for Tor actions that is the corporations being sued uh and the corporation doesn't have enough assets uh to pay the judgment and um the uh plaintiff might look to also include a shareholder or the shareholders uh in the action to seek um to recover the Judgment from the shareholders personal assets same thing in a contract action that is uh what contracts entered into by the corporation or its agents um could subject the s

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