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Because bankers and other creditors want assurance that the money they loan to a corporation...

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Accounting

Because bankers and other creditors want assurance that the money they loan to a corporation is secure, they often require owners of closely held corporations to personally guarantee loans made to the corporation. Therefore, owners of small corporations are often only shielded from product liability and malpractice type judgments brought against the business. Do you think this is a fair requirement by the banks or creditors?

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