Explore BrainMass

Explore BrainMass

    Pierce the Corporate Veil

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    List requirements that would allow a court to pierce the corporate veil. Provide an example.

    © BrainMass Inc. brainmass.com June 3, 2020, 7:31 pm ad1c9bdddf
    https://brainmass.com/business/business-law/pierce-corporate-veil-101824

    Solution Preview

    Generally, the corporate form isolates both individuals and parent corporations from liability for corporate misdeeds. However, the courts will ignore the corporate entity and strip the organizers and managers of the corporation of the limited liability that they usually enjoy when, for example, the incorporation itself was accomplished to perpetrate a fraud. In doing so, the court is said to "pierce ...

    Solution Summary

    The expert lists the requirements that would allow a court to pierce the corporate veil. An example is provided.

    $2.19

    ADVERTISEMENT