A court will not pierce the corporate veil of a corporation that is merely set up never to make a profit.

Name: A court will not pierce the corporate veil of a corporation that is merely set up never to make a profit.
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Question

Quizplus · Accepted Answer

A court may pierce the corporate veil if a corporation is set up to avoid legal obligations, commit fraud, or if it is not operated as a separate entity, regardless of its profit-making intentions.

A Court Will Not Pierce the Corporate Veil of a Corporation