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Since corporations are separate legal entities from their shareholders, which of the following is true? Under no circumstances can the protection of limited liability be
Since corporations are separate legal entities from their shareholders, which of the following is true?
- Under no circumstances can the protection of limited liability be removed from shareholders.
- Shareholders are usually not financially accountable for the actions of the corporation, but neither do they own the assets of the corporation.
- Shareholders do not need to pay taxes on dividend earnings since corporations are taxed independently.
- A corporation can only exist for as long as its original owners are present.
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