Which of the following statements is true of a professional corporation? O The shareholders assume no liability for the professional actions of the business or the debts that it incurs. O The shareholders have limited liability for professional actions and unlimited liability for the debts of the company. O The shareholders have unlimited liability for both the professional actions and the debts of the company. O The shareholders have unlimited liability for professional actions and limited liability for the debts of the company.

Which of the following statements is true of a professional corporation? The shareholders assume no liability for the professional actions of the business or the debts that it incurs: The shareholders have limited liability for protessional actions and unlimited liability for the debts of the compary The shareholders have unlimited liability for both the professionat actions and the debts of the company. The shareholders have unlimited liablity for professional actions and limited liability for the debts of the company