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To clarify, I agree with the post above yours. There should be a corporate veil, but it should be pierce-able in extreme cases. Maybe it's already that way, but
by analog31 1y ago
To clarify, I agree with the post above yours. There should be a corporate veil, but it should be pierce-able in extreme cases. Maybe it's already that way, but doesn't seem to be employed all that often.
My reason for the corporate veil is essentially a social theory, that society benefits from the higher level of investment that is made possible by letting people shelter their personal assets to a reasonable extent. It's essentially a government manipulation of the economy.
- jmalicki 1y agoIt's regularly pierced in many jurisdictions for failure to pay wages. This most often happens with small businesses.