Eli5: why the shareholders in a company are not liable to pay debts owed by the company?

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Eli5: why the shareholders in a company are not liable to pay debts owed by the company?

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Anonymous 0 Comments

That’d be a bit like the bank coming after you for your friends debt because you loaned your friend some money.

If the bank goes after your friend then they can’t pay you back but that’s as far as it would go.
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