Which of the following is the best description of a limited liability company? Group of...
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Accounting
Which of the following is the best description of a limited liability company?
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The directors of the company are not personally liable for the debts of the company.
The shareholders of the company are not personally liable for the debts of the company.
The liability of directors to contribute to the debts of the company is limited to the amount (if any) remaining unpaid on their shares.
The liability of shareholders to contribute to the debts of the company is limited to the amount (if any) remaining unpaid on their shares.
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