Business, 31.08.2019 22:20 brazilmade1

With regard to corporations, to what does "limited liability" refer?
if a corporation cannot pay its debts, the assets of the owners are protected from creditors.
if a corporation cannot pay its debts, the government insures the investments of the owners.
if a corporation fails, investors are able to sue the owners to recover a portion of their money.
if a corporation fails, the government will purchase the company if it is important to the economy.

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With regard to corporations, to what does "limited liability" refer?
if a corporation cannot...