Factors in Deciding to Pierce the Corporate Veil
Not what you're looking for?
Can anyone explain three factors that a court will use in determining whether to pierce the corporate veil?
Purchase this Solution
Solution Summary
The solution discusses the three factors that a court will use in determining whether to pierce the corporate veil.
Solution Preview
The following will enhance your knowledge regarding "piercing the corporate veil."
When a company forms an LLC or a Corporation, the individual(s) starting the business release themselves from liability for any company debt. If a court were to pierce the corporate veil, it would be done for the following reasons:
1) The company participated in fraudulent and/or wrongful actions. What does that mean? It means the company was ...
Education
- Master of Business Administration, University of Phoenix
- Bachelor of Science in Paralegal Studies, Kaplan College
- Business Diploma, Katharine Gibbs Business College for Women
Recent Feedback
- "Thank you!!!"
- "Thank you"
- "Thank you so much "
- "Thank you very much"
- "Thank you so much "
Purchase this Solution
Free BrainMass Quizzes
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Basics of corporate finance
These questions will test you on your knowledge of finance.
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.