Copyright

What does piecing the corporate veil mean?

Question:

What does piecing the corporate veil mean?

C Corporations:

C Corporations are one of the legal forms of business allowed under federal income tax law of United States. C Corporation has the attributes of attracting investors, big entities and they offer limited liability to its shareholders.

Answer and Explanation: 1

Become a Study.com member to unlock this answer!

View this answer

Piercing the corporate veil:

Piercing the corporate veil concept occurs when the court legally put aside the limited liability deserved by the...

See full answer below.


Learn more about this topic:

Loading...
Corporations: Types, Advantages, Disadvantages & Examples

from

Chapter 5 / Lesson 10
92K

What is a corporation? Learn the types of corporations, corporate form, and the main advantages plus disadvantages of corporations, including multiple examples of corporations.


Related to this Question

Explore our homework questions and answers library