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Who faces limited liability for the firm's debts in a corporation? the corporation but not its owners, individual stockholders, no one only general libiliy can be faced, the chieft executive officer

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MissPhiladelphia

It is one of the impediments of a corporation, the limited liability. The shareholders of a company are just subject up to some of their ventures, they are liable for the corporation's debt . The corporate element shields them from any further obligation.

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