Blog
Corporate Veil
October 24, 2019
The legal concept wherein the corporate entity exists in part to shield the personal assets of shareholders from personal liability for the debts or actions of that corporate entity as opposed to a general partnership or sole proprietorship in which the owner could be held responsible for the debts of the company.
The legal concept wherein the corporate entity exists in part to shield the personal assets of shareholders from personal liability for the debts or actions of that corporate entity as opposed to a general partnership or sole proprietorship in which the owner could be held responsible for the debts of the company.