Illustrate the term Liabilities
Illustrate the term Liabilities?
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A corporation incurs its own debts and is responsible for their repayment. Shareholders have limited liability: their liability for the corporation’s debts is limited to their investment (i.e., what they paid for their shares). From a practical perspective, banks may be unwilling to lend to small corporations without a personal guarantee from major shareholders, thus putting personal assets at risk. Limited liability will not necessarily protect shareholders from personal liability for their own acts.
Illustrate the term Industrial Designs?
1. GML owns 92% of the issued shares in Explorer Ltd. The remaining 8% of the shares are held by five individuals, including a Mr Owen who owns 0.5% of the issued shares. Mr Owen is a high profile individual who has at times been critical of the Chinese government’s activities in the South China
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