As a rule of apportion losses between the company and the shareholders,limited liability is neither the liability of the company nor the shareholders' liability.Actually,limited liability means the shareholders will share part of losses of the company on the basis of positive analysis.By the rule of limited liability,the shareholders should share the quota losses of company,but the society which it means mainly but not limited to creditors has to share the rest of company' s losses.It is the basis of rigid ...
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