What is meant by the term piercing the corporate veil and what are the implications for the

Question:

What is meant by the term piercing the corporate veil and what are the implications for the owners of a if the corporate veil is pierced?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...