What does shareholders limited liability mean? 0:52:59 a. A shareholder is only allowed to make small expenditures on behalf of the company b. The company is not liable for the debts of the shareholder c. The company is not allowed to collect any money from the shareholder d. The shareholder is not liable for the debts of the company e. A shareholder can never be sued All of the following are true, except? a. A legal person can't be a sole proprietor b. None of the other answers is correct c. A sole proprietorship must be operated by no more than three persons d. A sole proprietor cannot choose his fiscal year end e. A sole proprietor's personal assets can be seized by creditors for debts of the busit In order to take rights from directors and give them to shareholders, one must: a. None of the other answers is correct b. Have an agreement signed by all officers of the corporation to this effect c. Have an agreement signed by all shareholders of the corporation to this effect d. Have an agreement signed by all directors of the corporation to this eff e. Have shareholders approve a resolution by simple majority vote