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To obtain limited liability, Jack and Jill formed Pail of Water, LLC to operate their designer bottled water company. They sometimes deposit the proceeds from
To obtain limited liability, Jack and Jill formed Pail of Water, LLC to operate their designer bottled water company. They sometimes deposit the proceeds from water sales into their personal checking accounts, and if they need to pay personal bills and are short of funds, they use the business account. If creditors of the business cannot get payment for their invoices, is there anything a court can do to help the creditors?
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