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Church Administration: Creating Efficiency For Effective Ministry Piercing the corporate veil is the judicial act of imposing personal liability on the shareholders and/or directors of a corporation by "lifting the corporate
veil", in contravention to the usual policy that a corporation is a separate legal entity and provides limited liability protection to its shareholders and directors from business debts and liabilities. Keep business and personal dealings separate, or it may cost you. This is what happened in this
piercing the corporate
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the veil of an LLC or LP. What this means is that if you (as a manager or member of an LLC) or your company engage in an act of negligence, gross negligence, or breach of contract, and then your business is sued, under certain […] The corporate
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the veil.
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Foto movida de un gato Piercing the corporate veil or lifting the corporate
veil is a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders.Usually a corporation is treated as a separate legal person, which is solely responsible for the debts it incurs and the sole beneficiary of the credit it is owed. Common law countries usually uphold this principle of ...
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