The existence of a corporation as a separate legal entity is said to provide "limited liability" protection to shareholders, directors and officers. These individuals are said to be protected by the "corporate veil". Yet there are some fifteen situations in which the corporate veil may be pierced or circumvented causing personal liability for such individuals. List and briefly explain two three situations in which this corporate veil may be pierced, list and briefly explain one situation where the veil may be circumvented. Then indicate two types of exposure to liability which still makes it a good idea to incorporate