Which of the following is NOT a drawback of being a publicly held corp

QUESTION

Which of the following is NOT a drawback of being a publicly held corporation?

A) dealing with operating costs and paperwork
B) owners being personally liable for damages
C) being taxed twice
D) difficulty ending the corporation
E) getting possible tax breaks

ANSWER

Answer: B
Explanation: B) A corporation’s owners, unlike as in a proprietorship, are not personally liable for the corporation.