Does an S Corporation Provide Better Limited Liability .
A limited liability company (LLC) has unlimited life and limited liability for its members. There's no limit to the number of shareholders you can have. Your shareholders can be U.S. citizens, residents, foreigners, partnerships and corporations. Like an S corporation, .Do corporations have limited liability? Yes, corporations afford shareholders protections from business liabilities and debts. Although the business itself does not have limited protections, the business absorbs any liabilities, while the owners/shareholders do not have .