Question: (a) When is it proper to pierce the corporate veil in an effort to reach the personal assets of a shareholder? (b) How can an

(a) When is it proper to pierce the corporate veil in an effort to reach the personal assets of a shareholder?
(b) How can an owner/manager of a small ensure that the corporate veil will not be pierced?

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a A basic principle of corporate law in the United States is that the shareholders of a corporation are not liable for the obligations of the corporation beyond the capital they invest in exchange for ... View full answer

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