Salomon v Salomon stands for the proposition that the corporation has a separate existence from its shareholders This means that creditors of a corporation do not have recourse against the shareholders assets Is this fair Is it fair that creditors of a sole proprietorship can go after the sole prop...

This question is an extension to the critical analysis question following the Salomon v Salomon deci ...

Salomon v. Salomon stands for the proposition that the corporation has a separate existence from its shareholders.

Question:

Salomon v. Salomon stands for the proposition that the has a separate existence from its shareholders. This means that creditors of a do not have recourse against the shareholders’ assets. Is this fair? Is it fair that creditors of a sole proprietorship can go after the sole proprietor’s personal assets? What is the justification for the difference in treatment?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...