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  • reshamn started the topic Corporate Veil in the forum Business 101 7 years, 6 months ago

    “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 the corporation’s actions or debts.

    In what circumstances, does a court feels the need to pierce the corporate veil? Or what factors determine the need to hold the owners responsible?

    “https://www.law.cornell.edu/wex/piercing_the_corporate_veil”