A Disadvantage of an S Corporation Is Unlimited Personal Liability

question 38

True/False

A disadvantage of an S corporation is unlimited personal liability, very similar to the liability in a sole proprietorship.

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Definitions:

Transcription Factors

Proteins that help regulate the expression of genes by binding to specific DNA sequences near genes.

Positional Information

The spatial and temporal cues that cells use during development to differentiate into the correct cell types and form complex structures.

Meganeura

An extinct genus of insects from the Carboniferous period, known to include some of the largest known flying insect species.

Dragonfly-Like

Describes an appearance or behavior resembling that of dragonflies, often relating to physical attributes or flight patterns.