Assertion: close corporation's shareholder | /r/HasProperty | protected
Facets:
value: from the actions of another
type: OTHER
value: from liability
type: OTHER
value: from personal claims
type: OTHER
Source sentences:
text: One benefit is that a corporation's liability for damages or debts is limited to its assets, so the shareholders and officers are protected from personal claims, unless they commit fraud.
text: Both the corporate shareholder and the LLC member can be protected from liability when the company itself is sued.
text: The other advantage is that the PC form does not allow professionals to be free from personal liability from the result of his or her professional actions, but it does allow other shareholders or directors to be protected from the actions of another.