A Disadvantage of the S-Corporation Is Unlimited Liability

question 24

True/False

A disadvantage of the S-corporation is unlimited liability.

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Definitions:

Selling Process

A series of steps followed by a salesperson to facilitate the purchase of a product or service by a customer.

Prospecting

The process of identifying potential customers, clients, or buyers for a business's products or services.

Strategy

A plan of action designed to achieve a long-term or overall aim.