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The Personal Liabilities of a Director of a Corporation - Nanaimo Law
WebThe shareholders get the same protections as a C corp. For example, S corp shareholder assets are safeguarded from liability of the business, preventing courts and creditors from seizing personal property, such as houses or cars. When it comes to other characteristics of an S corp, income characterization is one of the most important factors. WebApr 14, 2024 · Liability would be established if the party was involved in the carrying on of a fraudulent business, not if it was merely involved in a fraud. The purpose of s.213 was to make such parties liable to the creditors of the company which had been traded fraudulently. Freezing Injunctions her heating and plumbing
Avoiding the Imposition of Personal Liability for …
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