Even a single ship can change the tide of battle. In Star Wars: Armada, you assume the role of fleet admiral, serving with either the Imperial Navy or Rebel Alliance. Itâs your job to issue the tactical commands that will decide the course of battle and, perhaps, the fate of the galaxy.
The corporation is a separate legal entity that is owned by stockholders. A general corporation may have an unlimited number of stockholders that, due to the separate legal nature of the corporation, are protected from the creditors of the business.A stockholder's personal liability is usually limited to the amount of investment in the corporation and no more.Advantages. 1  Owners' personal assets are protected from business debt and liability. 2  Corporations have unlimited life extending beyond the illness or death of the owners.he corporation is a separate legal entity that is owned by stockholders. A general corporation may have an unlimited number of stockholders that, due to the separate legal nature of the corporation, are protected from the creditors of the business.
Definition. Liability is money owed. Limited liability refers to a business structure that limits the members' personal liability for the company's actions. Creditors and others suing the business are limited to collecting from company assets; they cannot go after the members' personal assets.imited liability protects your personal assets from your business liability. A limited liability company is easier to set up than a corporation but offers the owners legal protection similar to what corporate stockholders have. Such a company can be a limited liability corporation or limited liability partnership.