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3. Limited liability of shareholders means (a) dividends will be gaid regardless of profits. (b) creditors have no legal claim on a shareholder's personal assets.

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3. Limited liability of shareholders means (a) dividends will be gaid regardless of profits. (b) creditors have no legal claim on a shareholder's personal assets. (c) the life of the corporation is limited (d) deferral or reduction of taxes

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