Sorry, but you are generally wrong. What I think you are talking about is called piercing the corporate veil: http://en.wikipedia.org/wiki/Piercing_the_corpora

Sorry, but you are generally wrong. What I think you are talking about is called piercing the corporate veil: http://en.wikipedia.org/wiki/Piercing_the_corporate_veil http://en.wikipedia.org/wiki/Piercing_the_corporate_veil Under almost all regular circumstances, including the example you mention, you most likely wouldn't be held personally liable. You have to do something grossly negligent or something clearly in bad faith. An example would be committing fraud.