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One of the key advantages to forming a corporation is that its owners are immune from personal liability for business debts and other obligations arising
- One of the key advantages to forming a corporation is that its owners are immune from personal liability for business debts and other obligations arising from operation of the corporation. This immunity from personal liability is commonly referred to as the "corporate veil."
- Conduct an Internet search using the term corporate veil to learn more about the subject.
- Explain why you support the corporate veil or why you do not support such immunity from personal liability for corporate debts and other obligations.
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
