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3/18/10, 4:34 pm

Legal Question

Are shareholders/owners of an S Corp personally liable for corporate debt?

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Usually not, unless they signed personal gurantees OR if the corporation did not really operate properly as a corporatio...

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Answered By:

Ken Koenen, LLM

They will try to make you liable. You need an attorney to know how to best avoid liability. Daniel Bakondi, Esq. danie...

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Answered By:

Daniel Bakondi

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