Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can the profit sharing account go to a zero or negative balance?

0

SHAPE™: No. Deposit account regulation, as currently interpreted by the FDIC, insured consumer deposits cannot lose capital, let alone go to zero. But, if there is no profit, then there will not be any earning on the account.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123