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Aelin forms a manufacturing corporation, the Makin - Mucho Co . ( Makin - Mucho ) . He is the sole shareholder. He does not
Aelin forms a manufacturing corporation, the MakinMucho CoMakinMucho He is the sole shareholder. He does not keep records of any dividends and very little records of the corporation's accounts. Ten months after the formation and incorporation of MakinMucho, one of MakinMucho's products injures a user and MakinMucho is sued. Which of the following ordinarily is a reason for a court to hold Aelin personally liable?A Aelin decides to use some of the profits from MakinMucho paid to him as a dividend to pay his personal debts.B Aelin served as the CEO and CTO Chief Technology Officer of MakinMucho.C MakinMucho's headquarters was at the same address as another business that Aelin operates.D The corporation did not elect any directors.E If Aelin is not held liable, creditors will not be fully compensated.
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