Phrases with «corporate veil»

The phrase "corporate veil" refers to the legal separation between a company and its owners or shareholders. It means that the company is treated as a separate legal entity, and the individuals who own or run the company are not personally responsible for its debts or liabilities. The corporate veil protects the owners from being held personally liable for the company's actions. Full definition

corporate veil

to pierce the corporate veil

Sentences with «corporate veil»

This is known as the corporate shield or corporate veil as it separates your personal assets from those of the business. (businessinsider.com)
Corporate Veil Smith's attorneys initially argued that much of what Smith was being sued for was outside of the scope of the home inspection, but as the case progressed they began to lean heavily on the argument that as a corporate officer, Smith should not be liable for the contract breach of SHI, the corporate entity, and consequently was not accountable for the alleged mistakes. (workingre.com)
There is a concept in corporate law called «piercing the corporate veil» — which just means that someone suing your business can also sue you personally! (inc.com)
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Phrases with «corporate veil»

Sentences with «corporate veil»

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