When a Shareholder Commingles Personal and Corporate Interests So That

question 91

True/False

When a shareholder commingles personal and corporate interests so that the firm has no separate identity, the shareholder may be held liable for the firm's debts.

---

Definitions:

Employer-Related

Pertaining to matters associated with one's employer or aspects of employment.

Sales Objectives

Specific goals set by a business or a sales team to achieve in a given time frame, such as revenue targets or the number of units sold.

Input-Related

Pertaining to or affecting the resources used in the production of goods or services.

Account Management Policies

Strategies and rules set by companies to manage client accounts effectively.