Question
Explain clearly, don't copy from internet Joe formed Joe's Brake Repair, Incorporated in 2015. Joe has been the only shareholder since the corporation was formed.
Explain clearly, don't copy from internet
Joe formed Joe's Brake Repair, Incorporated in 2015. Joe has been the only shareholder since the corporation was formed. Joe has never worried about the corporate formalities because, as the only shareholder, he didn't worry about suing himself. He kept a single bank account and didn't always use the word "incorporated" on his signs and work orders. Recently, the brakes failed on a customer's car shortly after one of his employees had repaired them. Can the person injured by the brake failure recover from Joe's personal assets?
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