Corporations are limited-liability companies which means

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Corporations are limited-liability companies which means that

a. corporations must be "publicly held" and thus traded on the stock market.

b. corporate shareholders are liable for corporate debts only up to the extent of their investments.

c. corporate shareholders are immediately entitled to any profits or the company is liable.

d. corporations are always for-profit but that profit can be limited but often is not in reality.

Reference no: EM131167504

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