Question
a shareholder in a professional corporation generally cannot be held liable for malpractice by other professionals at the firm T/F Don sets up Empty Vessel
a shareholder in a professional corporation generally cannot be held liable for malpractice by other professionals at the firm
T/F
Don sets up Empty Vessel Inc. (EVI), but fails to provide the firm with sufficient capital. Don formed EVI not to make a profit but to assume debts that he does not wish to pay. This most likely warrants
a. requiring Don to commingle his personal funds and EVIs funds.
b. recognizing EVI as a de facto corporation.
c. piercing EVIs corporate veil.
d. tricking Don into disclosing EVIs true purpose to Dons creditors.
a de jure corporation is one that is formed for a single purpose within a limited time
T/F
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