What does piecing the corporate veil mean?


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.

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Piercing the corporate veil:

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

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Corporations: Types, Advantages, Disadvantages & Examples


Chapter 5 / Lesson 10

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

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