The Gift Shop Chain That Althea Started Has Since Been

Multiple Choice

The gift shop chain that Althea started has since been incorporated. Which of the following best describes the liability that Althea has as the primary shareholder in this corporation?

A) Althea may have to give up her car and house if the corporation fails in order to cover the debts of the corporation.
B) The other shareholders will be able to seize Althea's personal money but not her primary residence in the event that the business fails.
C) Althea's personal assets will be protected in the event that the corporation fails, although she could lose her entire initial investment.
D) Althea will be liable only for losses that develop from decisions she made about the daily business operations.