Assertion: close corporation's shareholder | /r/HasProperty | held responsible
Facets:
value: for actions
type: OTHER
value: for their own negligence
type: CAUSE
value: for corporate debts
type: OTHER
value: for misconduct
type: CAUSE
value: with the protection
type: OTHER
Source sentences:
text: Even with the protection offered by incorporation, shareholders may be held responsible for their own negligence and misconduct, for actions intended to damage or defraud the corporation, and for corporate debts that they have personally guaranteed.