Corporate shareholder structure regarding liability is different from that of a partnership. In recognizing that, which of the following is true?
a) Neither corporate shareholders nor business partners can be held personally liable for debts of the business if bankruptcy occurs.
b) Corporate shareholders and business partners are personally liable for debts of the businesses if bankruptcy occurs.
c) A partner cannot be forced to liquidate personal assets during a partnership bankruptcy.
d) A corporate shareholder cannot be forced to liquidate personal assets during a corporate bankruptcy.