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Could the shareholders have caused or prevented the action? If not then I think it'll be a dofficult prosecution.
by Y_Y 11mo ago
Could the shareholders have caused or prevented the action? If not then I think it'll be a dofficult prosecution.
- pjc50 11mo agoThe whole point of a limited liability corporation is exactly this: that the liability of the shareholders is limited to the value of their investment, and they are not liable for debts or other failings of the company. Without that, investment becomes incredibly risky and you get much less of it.