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The US indeed has this concept, known as "piercing the corporate veil". Excess payments to ownership (especially if you think the company is about to face a hu
by YokoZar 7y ago
The US indeed has this concept, known as "piercing the corporate veil".
Excess payments to ownership (especially if you think the company is about to face a huge liability) is a classic example of one of the justifications for a judge to do just that: make the owners personally liable rather than just the company.
- Scoundreller 7y agoThe smart way is to pay yourself 10% dividends every year into your own holding companies from the start. Sounds like that’s what they did. Don’t store your gold next to a nuclear reactor and all.