Although corporations are very attractive forms of business

Assignment Help Business Law and Ethics

Reference no: EM13714897

Although corporations are very attractive forms of business in the United States due to their ability to raise funding, and the normal protection from personal liability afforded the stockholders; however, in certain instances the stockholders can be held liable for the corporate debt. This legal action by a Court of sufficient jurisdiction is referred to as "Piercing The Corporate Veil", wherein the stockholders can be held liable for the corporate debts. What activities by a corporation, its executives, or shareholders, can lead to a court holding the shareholders responsible for the corporate liabilities?

Reference no: EM13714897

Questions Cloud

The workers at twinkies factory organize a strike : The workers at Twinkies factory organize a strike. Management and the union representatives are unable to reach an agreement. Eventually, Twinkies declares bankruptcy and seeks liquidation. During the bankruptcy proceedings, a new investor dec..

Senior management and george and joan are fired : George and Joan have decided to organize a union. During one of the organizational meetings in the company lunchroom, a member of management sits in the lunchroom and takes notes as to the activities. He reports back to other senior management..

A group of police officers takes an annual examination : A group of police officers takes an annual examination which will qualify them for additional training and possible promotion. The pool of test takers includes 40% minorities. When the test results are returned, half of the non minority applic..

What if a alcoholic woman sign and agreement : What if a alcoholic woman sign and agreement and gave up all her house children and funds to her husband and later her husband said that she was sober later she retained and got a legal counsel and declared incompetent and got an guardian and ..

Although corporations are very attractive forms of business : Although corporations are very attractive forms of business in the United States due to their ability to raise funding, and the normal protection from personal liability afforded the stockholders; however, in certain instances the stockholders..

The different between the business dilemma and ethics : What is the different between the business dilemma and ethics in terms of business?

Describing how boardman management group : Prepare a 3-4 page paper that sets forth a plan describing how Boardman Management Group should utilize the outside consulting firm, Smith Systems Consulting.

Analyze the internal environment of the company : From the e-Activity, analyze the internal environment of the company you researched to determine that company's strengths and weaknesses.

Secondary sources of information available to rei : Identify three or more of the secondary sources of information available to REI? Develop a short analysis of the value of the secondary sources of information available to REI?

User Account

All Pages