BizSugar.com › Finance › Piercing the Corporate Veil

One of the biggest benefits of forming a corporation or LLC is the personal liability protection afforded by these business structures. However, if a company is run incorrectly, the corporate veil can be ‘pierced,’ leaving business owners personally liable for company debts. This article will break down the cases in which the corporate veil can be pierced, and how you can avoid this dangerous scenario.