J.C. DeBoard & Co., L.P.A.

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J.C. DeBoard & Co., L.P.A.

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What is piercing the corporate veil?

Transcript

Piercing the Corporate Veil is a legal term which means someone is destroying the corporation because it has not acted like a corporation. There are formalities that you have to follow in order to be properly a corporation and, so, Piercing the Corporate Veil gives you personal liability and that's something you do not want.

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