Assertion: close corporation's shareholder | /r/HasProperty | exception
Facets:
value: such as has signed an agreement
type: OTHER
Source sentences:
text: In general, shareholders of a close corporation are not personally liable for the business's debt, although there are exceptions, such as when a shareholder has signed an agreement to be personally responsible for corporation debts.
text: Although there are some exceptions, a shareholder is not personally liable for corporate debts, and assets of the shareholder are protected from business creditors.