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Which of the following is NOT true concerning corporations? A corporation protects owner's personal assets. A corporation can live on forever - even if the

Which of the following is NOT true concerning corporations?

A corporation protects owner's personal assets.

A corporation can live on forever

-

even if the owner leaves, dies or sells the company.

Owners

/

shareholders are personally liable for assets and debts of the business.

A corporation is registered with the California Secretary of State.

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