What is a piercing the corporate veil?

Definition piercing the corporate veil

How do we define: piercing the corporate veil?


Piercing the Corporate Veil is a judicial process whereby a court would disregard usual immunity of corporate officers or entities from liability for wrongful corporate activities ie. when incorporation exists for the sole purpose of perpetrating fraud.


Every new business owner must learn about incorporating their company. Learning how to incorporate your company is critical to starting up and protecting your future.

Incorporating

Corporate Glossary


 

 

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