An investor has bought shares in a limited liability company. The business subsequently fails and is unable
Question:
An investor has bought shares in a limited liability company. The business subsequently fails and is unable to pay employees’ wages or government tax bills. Which of the following statements is correct?
(a) The investor cannot recover the amount invested in the shares.
(b) The investor must contribute to the shortfall in wages.
(c) The investor must contribute to the unpaid tax bills.
(d) The investor can claim the value of the investment from a limited liability compensation fund.
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a The investor has paid for shares whose market valu...View the full answer
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