Question
An LLC protects owner's personal assets, but there are some instances in which an LLC is sued and the court decides to pierce the corpoate
An LLC protects owner's personal assets, but there are some instances in which an LLC is sued and the court decides to "pierce the corpoate veil." What does the phrase "pierce the corporate veil" mean? What are some instances in which a court would do such a thing? What kind of circumstances support a courts decision to "pierce the corporate veil?"
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
