PRINCIPLES OF TAXATION F/BUS.+INVEST.
PRINCIPLES OF TAXATION F/BUS.+INVEST.
22nd Edition
ISBN: 9781259917097
Author: Jones
Publisher: MCG
Question
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Chapter 11, Problem 1QPD
To determine

Explain how the corporate characteristic of limited liability protect shareholders’ employees who perform professional services for corporate clients.

Expert Solution & Answer
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Explanation of Solution

Shareholders’ employees who perform professional services for corporate clients cannot avoid liability for malpractice. They personally responsible for their actions and the legal action can be taken for their carelessness or misconduct.

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Chapter 11 Solutions

PRINCIPLES OF TAXATION F/BUS.+INVEST.

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