Question: 1 . Potter Management Co . ( PMC ) provided man agement services to apartment complexes. PMC s only assets were equipment worth $ 5

1. Potter Management Co.(PMC) provided management services to apartment complexes. PMCs only assets were equipment worth $500 and a bank account with an average balance of $1,500. Harold Potter ran the company and owned half of the stock. PMC contracted with Property Tax Research Co.(PTR) to obtain a lower property tax assessment on one of its complexes. PTR performed, but PMC refused to pay and transferred its assets and employees to LandManagement, Inc., a corporation controlled by Potter. PTR filed a suit in a Missouri state court against Potter and others to recover the unpaid fees. Should the court pierce the corporate veil and hold Potter personally liable for the debt? If so, on what basis?

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