{"id":140,"date":"2009-08-12T14:59:58","date_gmt":"2009-08-12T18:59:58","guid":{"rendered":"http:\/\/www.dev.atiqbd.com\/can-debts-be-passed-from-one-corporation-to-another-if-i-own-shares-in-both\/"},"modified":"2009-08-12T14:59:58","modified_gmt":"2009-08-12T18:59:58","slug":"can-debts-be-passed-from-one-corporation-to-another-if-i-own-shares-in-both","status":"publish","type":"post","link":"https:\/\/www.standardlegal.com\/blog\/can-debts-be-passed-from-one-corporation-to-another-if-i-own-shares-in-both","title":{"rendered":"Can Debts Be Passed From One Corporation to Another if I Own Shares in Both?"},"content":{"rendered":"

An individual can be a shareholder in more than one corporation (think of an individual owning shares of both Ford and General Motors), and as long as the corporations retain a completely separate existence (i.e. keep separate books and records, maintain separate bank accounts, etc.), merely owning shares in separate companies should not cause financial liability to flow between any of the entities.<\/p>\n","protected":false},"excerpt":{"rendered":"

An individual can be a shareholder in more than one corporation (think of an individual owning shares of both Ford and General Motors), and as long as the corporations retain a completely separate existence (i.e. keep separate books and records, maintain separate bank accounts, etc.), merely owning shares in separate companies should not cause financial … Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-140","post","type-post","status-publish","format-standard","hentry","category-incorporation-questions"],"yoast_head":"\nCan Debts Be Passed From One Corporation to Another if I Own Shares in Both? - Ask Standard Legal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.standardlegal.com\/blog\/can-debts-be-passed-from-one-corporation-to-another-if-i-own-shares-in-both\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can Debts Be Passed From One Corporation to Another if I Own Shares in Both? - Ask Standard Legal\" \/>\n<meta property=\"og:description\" content=\"An individual can be a shareholder in more than one corporation (think of an individual owning shares of both Ford and General Motors), and as long as the corporations retain a completely separate existence (i.e. keep separate books and records, maintain separate bank accounts, etc.), merely owning shares in separate companies should not cause financial ... 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