Regarding Debt, S Corporation Shareholders Are Deemed at Risk Only

question 116

True/False

Regarding debt, S corporation shareholders are deemed at risk only for direct loans they make to S corporations.

---

Definitions:

Experienced Manager

A professional who has gained a significant amount of expertise and knowledge in managing through years of practice and learning.

Less Experienced

Describes individuals or entities that have limited exposure, knowledge, or skills in a particular area or activity due to fewer opportunities to practice or engage in it.

Mentoring

A developmental process where a more experienced individual, known as a mentor, offers guidance, support, and advice to a less experienced person, or mentee.

Protégé

A person who is guided, supported, or mentored by a more experienced individual in their personal or professional development.