Good thoughts. I also shut down a corp (S-Corp) in the last few years and had similar misgivings. But theoretically, if the veil is pierced, whatever assets the

Good thoughts. I also shut down a corp (S-Corp) in the last few years and had similar misgivings. But theoretically, if the veil is pierced, whatever assets the corp returned to shareholders should be available for legal defense. Or if the corp still existed and in the red, shareholders would be lending money anyway to defend it and stave off personal liability. If neither corp nor shareholders have enough assets to defend themselves, that is its own sort of protection (the play dead, or actually dead, strategy.) I'm not disagreeing with you; just adding to it.