When a court holds shareholders personally liable for corporate debts it is said to be:
A) "piercing the corporate veil"
B) "opening the corporate veil"
C) "closing the corporate veil"
D) "tearing the corporate veil"
E) "cutting the corporate veil"
Correct Answer:
Verified
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Q390: Which form of business incurs double taxation:
A)
Q391: The _ refers to the ability of
Q392: Limited liability is:
A) a disadvantage to the
Q393: The _ refers to the ability of
Q395: The sale of shares in a closed
Q396: The profits of partnerships are taxed:
A) the
Q397: Double taxation on profits is:
A) a disadvantage
Q398: When a court "pierces the corporate veil"
Q399: If a partner assigns his interests in
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