Comments on: The Corporate Veil of Protection – An Imperfect Shield http://www.eminutesonline.com/the-corporate-veil-of-protection-%e2%80%93-an-imperfect-shield/ An Online Resource for business managers and entrepreneurs Mon, 19 Jul 2010 22:57:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: To Incorporate or Not Incorporate: When Choosing the Right Business Entity, Don’t Forget No Entity | eMinutes Online http://www.eminutesonline.com/the-corporate-veil-of-protection-%e2%80%93-an-imperfect-shield/comment-page-1/#comment-526 To Incorporate or Not Incorporate: When Choosing the Right Business Entity, Don’t Forget No Entity | eMinutes Online Wed, 04 Nov 2009 08:08:38 +0000 http://www.eminutesonline.com/?p=223#comment-526 [...] your own actions, so a corporation might not even provide any liability protection at all.  See, http://www.eminutesonline.com/the-corporate-veil-of-protection-%e2%80%93-an-imperfect-shield/. Good reasons to incorporate are: (a) you are creating a business structure with investors or [...] [...] your own actions, so a corporation might not even provide any liability protection at all.  See, http://www.eminutesonline.com/the-corporate-veil-of-protection-%e2%80%93-an-imperfect-shield/. Good reasons to incorporate are: (a) you are creating a business structure with investors or [...]

]]> By: Jeffrey Unger http://www.eminutesonline.com/the-corporate-veil-of-protection-%e2%80%93-an-imperfect-shield/comment-page-1/#comment-352 Jeffrey Unger Mon, 27 Apr 2009 22:57:17 +0000 http://www.eminutesonline.com/?p=223#comment-352 It is not a good idea to just walk away and ignore a lawsuit. In fact, in California, the shareholders of a dissolved corporation have liability for four years following the date of dissolution. Check out this article I wrote about that topic http://www.eminutesonline.com/zombie-corporations-in-california-personal-liability-lives-on-for-four-years-after-corporate-dissolution/ It is not a good idea to just walk away and ignore a lawsuit. In fact, in California, the shareholders of a dissolved corporation have liability for four years following the date of dissolution. Check out this article I wrote about that topic http://www.eminutesonline.com/zombie-corporations-in-california-personal-liability-lives-on-for-four-years-after-corporate-dissolution/

]]> By: Cameron Bordner http://www.eminutesonline.com/the-corporate-veil-of-protection-%e2%80%93-an-imperfect-shield/comment-page-1/#comment-351 Cameron Bordner Fri, 24 Apr 2009 23:23:00 +0000 http://www.eminutesonline.com/?p=223#comment-351 I dissolved my California company and the company was subsequently sued. The reason we dissolved was that we were not making any profit and had virtually no assets. Am I responsible for defending the lawsuit against my former company, or can I just "walk away" as the company is no longer in existence with no assets? I dissolved my California company and the company was subsequently sued. The reason we dissolved was that we were not making any profit and had virtually no assets. Am I responsible for defending the lawsuit against my former company, or can I just “walk away” as the company is no longer in existence with no assets?

]]> By: Jeffrey Unger http://www.eminutesonline.com/the-corporate-veil-of-protection-%e2%80%93-an-imperfect-shield/comment-page-1/#comment-262 Jeffrey Unger Wed, 25 Mar 2009 15:16:50 +0000 http://www.eminutesonline.com/?p=223#comment-262 Yes, if you are using your personal credit card, you are personally responsible for the balance owed. The corporate protection from liabilities would not apply to personal debts that are not in the corporate name. Yes, if you are using your personal credit card, you are personally responsible for the balance owed. The corporate protection from liabilities would not apply to personal debts that are not in the corporate name.

]]> By: Juan Rudek http://www.eminutesonline.com/the-corporate-veil-of-protection-%e2%80%93-an-imperfect-shield/comment-page-1/#comment-258 Juan Rudek Thu, 26 Feb 2009 14:44:57 +0000 http://www.eminutesonline.com/?p=223#comment-258 My accountant told me not to charge personal credit cards for my corporation. I do business in the state of Illinois, Let's say I use this credit card to purchase an equipment with it, and If I default -- would I be personally liable, because I used the personal credit card? Is it True? Juan My accountant told me not to charge personal credit cards for my corporation. I do business in the state of Illinois, Let’s say I use this credit card to purchase an equipment with it, and If I default — would I be personally liable, because I used the personal credit card?

Is it True?

Juan

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