corporate

The corporate veil can only be pierced if there is some “impropriety.” The court cannot pierce the corporate veil just because the company is involved … Read more

“Piercing the corporate veil” refers to a circumstance in which courts set aside limited liability and hold a company’s investors or directors personally liable for … Read more

“Piercing the corporate veil” refers to a situation in which courts put aside limited liability and hold a corporation’s shareholders or directors personally liable for … Read more

Piercing the Corporate Veil means looking beyond the company as a legal person. … In certain cases, the Courts ignore the company and concern themselves … Read more

“Piercing the corporate veil” refers to a situation in which courts put aside limited liability and hold a corporation’s shareholders or directors personally liable for … Read more

As such, courts typically require corporations to engage in fairly egregious actions in order to justify piercing the corporate veil. In general this misconduct may … Read more

In general, creditors have no recourse against corporate shareholders, as long as formalities are satisfied. When, however, the corporation is fraudulently created to escape liability, … Read more