Apply It: Corporate Formation Total points: --/100 Attempts left: 1 Toby Solo was a shareholder in Solo Services, Inc. One of the advantages of being a shareholder in a corporation is the liability of shareholders. The principle of select answer limited shareholder liability means that shareholders are not personally liable for the debts of the corporation beyond select answer If Solo Services, Inc., was dissolved, and assets were distributed, then Toby Solo likely select answer Toby Solo select answer the value of his investment. have had assets outside of the company that he would have been allowed to keep when the company was dissolved. If Lakes Express is attempting to receive payment from the extra assets of a shareholder, it would be asking the court to select answer Courts will ignore the corporate structure and make the shareholder-owners personally liable when the corporate structure is select answer for personal benefit or when the