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A shareholder may sue the corporation
A corporation is an entity separate and apart from the shareholders. Therefore a shareholder may file suit against the corporation.
ok so my shares are worth about 160,000.00 USD and the company debt known exceeds 200,000.00 USD that being said is why i think the majority owner is dodging or delaying and this may set the business to default. as a shareholder can i be held accountable for the business debt.
beyond my investment
As a shareholder your risk is limited to your shares. Your personal assets are not at risk unless you have personally guaranteed the debt
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Best wishes for a Happy and Healthy New Year!
to you as well thanks
I created a corporation 10 years ago. The company had a