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Limited liability may not be an advantage of the corporate form-(Answered)

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Question

Limited liability may not be an advantage of the corporate form for owner-operated small businesses because:

a.

a negligent worker can escape liability for his own acts.

b.

lenders usually demand personal guarantees from the owners of small businesses.

c.

stockholders participate in the business itself.

d.

All of these are correct.

 

Paper#9210031 | Written in 27-Jul-2016

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