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What are the liabilities for pre-incorporate unless novation?

1) Fiduciary duties
2) No required compensation

4) Not mentioned in the given information

1 Answer

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Final answer:

The liabilities for pre-incorporate unless novation include fiduciary duties and no required compensation.

Step-by-step explanation:

The liabilities for pre-incorporate unless novation refer to the obligations and responsibilities that individuals or entities assume before a company is officially incorporated and the subsequent release of those liabilities through the process of novation.

1) Fiduciary duties: Pre-incorporate individuals or entities owe fiduciary duties to act in the best interest of the company and its future shareholders.

2) No required compensation: Pre-incorporate individuals are typically not entitled to compensation for their services rendered prior to incorporation.

3) Not mentioned in the given information.

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