4 ms·
That's actually not true, about New York. You're referring to the veil-piercing doctrine, and that only applies in very rare situations, such as where the shar
by fatdog789 17y ago
That's actually not true, about New York. You're referring to the veil-piercing doctrine, and that only applies in very rare situations, such as where the shareholders set up a fake/shell company solely for the purposes of trying to shield themselves for legal liability for torts, taxes, or other legal shenanigans (IOW, a sham company).
- tptacek 17y agoPointers to the very rare situations that applies would be welcome. Good to know (we were a DE company long before I ever heard about the veil piercing thing). Here's some cites of mine: http://www.illinoisconstructionlawblog.com/2009/04/articles/could-you-be-held-liable-for-judgments-against-your-corporation/ http://www.illinoisconstructionlawblog.com/2009/04/articles/... http://www.wysr-law.com/articles/liabilityprotection.pdf http://www.wysr-law.com/articles/liabilityprotection.pdf http://www.eminutesonline.com/why-in-the-world-would-anyone-with-employees-incorporate-in-new-york/ http://www.eminutesonline.com/why-in-the-world-would-anyone-...