true or false

12) TF 13) TF Sole proprietorships, general partnerships, corporations and limited liability companies are the only permitted structures for businesses in the United States. If an owner of aa limited liability company or corporation promises to pay a company debt if the company is unable to pay the debt, the owner is said to have "personally guaranteed" the debt of the company. A limited liability company cannot be a franchisee. Courts may disregard the corporate liability shield and hold individual shareholders liable for the corporation's debts if the corporation is used to defraud their creditors. 14) TF 15) TF