A limited liability can, as an entity, never be pierced by those seeking
to hold its members personally liability.

Name: A limited liability can, as an entity, never be pierced by those seeking to hold its members personally liability.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

The concept of "piercing the corporate veil" allows courts, under certain circumstances, to hold the members or shareholders of a limited liability entity personally liable for the entity's debts or obligations.

A Limited Liability Can, as an Entity, Never Be Pierced