“Piercing the corporate veil” refers to the legal concept of the owners of a corporation losing the limited liability protections provided by the corporate structure. While corporations have an independent existence from their owners and are treated as separate...
In a corporation, the corporate officers and directors owe many fiduciary duties to the shareholders and the company. This means they legally have to act in the best interests of the company. Among the primary fiduciary duties owed by officers and directors are the...
https://vimeo.com/877941058 How Does Incorporation Affect Liability? The purpose of incorporation is to create a shield, or a corporate veil, to protect your personal assets from the liabilities of a business. While that corporate veil is not perfect, and you will put...
Making the decision to close a business can be a difficult one, and the steps that must be taken to do so are often complex. If a business owner determines the time has come to end operations, that business owner must go through the dissolution process. Whether...
Corporate liability refers to the extent a company may be held legally liable for the acts and omissions of business partners and the people it employs. Business owners often incorporate to shield themselves personally from any obligations or liabilities with their...
As the saying goes, "if you can make it there, you can make it anywhere." New York is a notoriously expensive city — both to live in and to conduct business. Not only do corporate owners pay exuberant commercial rents, but they are also subjected to significant...
