Corporate Bargain – Limited Liability (11178 words, 23 pages)
Corporate bargain--limited liability I.CHARACTERISTICS OF A CORPORATION A.PRINCIPAL CHARACTERISTICS OF A CORPORATION a)Entity Status--a corporation is a legal entity created under the authority of legislature b)Limited Liability--as a legal entity, a corp is responsible for its own debts its sh's liability is limited to their investment c)Free Transferability of Interest--shares, ...
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