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What does it mean to “pierce the corporate veil?”

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What does it mean to “pierce the corporate veil?”
posted Sep 12, 2017 by Ananya Saha

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The phrase piercing the corporate veil is used to describe the action of a court to hold corporate shareholders and LLC owners personally liable for the debts and liabilities of a corporation. Corporations are separate entities from their shareholders and in normal circumstances, if a corporation is sued, the individual shareholders and officers cannot be brought into the lawsuit.

answer Sep 15, 2017 by Rupali Thakur
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