piercing the corporate veil

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Piercing the Corporate Veil

The so-called corporate veil is the legal designation of a limited liability company (LLC). The LLC designation is what offers business owners protection from legal responsibility for the company. When...

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LLC Status and Personal Liability Lawsuits

Many business owners mistakenly believe that they cannot be held personally liable for actions that were committed by or through their company.  Although setting up your business as a separate legal...

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Banking and the Small Business Owner

The Corporate Veil:  Don’t pierce it! “Piercing the Corporate Veil” refers to the situation when a court puts aside the protections that are normally associated with an incorporation.  The very...

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What is “Piercing the Corporate Veil” ?

LIABILITY Liability can be quite confusing to a small business. Do you know what you are personally liable for? What are the exceptions to liability? What is “piercing the corporate...