Structure
What does it mean to "pierce the corporate veil"?
What is "Piercing the Corporate Veil"?
This is a legal action where a court disregards the limited liability protection of an entity (like an LLC) and holds the owners personally liable for the entity's debts or actions.
This often happens due to:
Commingling of funds (mixing personal and business money).
Inadequate record-keeping.
Failing to treat the entity as a separate legal person.
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