3 ms·
actually, not making payroll is one of the conditions that can pierce the corporate veil, shareholders would need to pony up more money. But in the bankruptcy s
by fsckboy 4y ago
actually, not making payroll is one of the conditions that can pierce the corporate veil, shareholders would need to pony up more money. But in the bankruptcy situation before that, payroll would be at the front of the line for the trustee to pay out to first, assuming some assets which of course there are.