piercing the corporate veil legal definition of piercing the corporate veil. piercing the corporate veil synonyms by the Free Online Law Dictionary.

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piercing the corporate veil v. proving that a corporation exists merely as a completely controlled front (alter ego) for an individual or management group, so that in a lawsuit the individual defendants can be held responsible (liable) for damages for actions of the corporation. If a corporation has issued stock and held regular meetings of shareholders and directors, it is unlikely a judge will "pierce" the veil and limit the liability to the corporation, unless there is proof that the corporation was created to accomplish a fraud on those dealing with it. (See: corporation)

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The situation was made worse in 2003 when the UK government announced it was piercing the corporate veil in order to ensure groups stood behind the pension promises of their companies. New U.K pensions regulator affects U.S. corporate activity by McKay, Neville / Tax Executive The author includes chapters on basic and advanced information sources for conducting financial investigations on individuals as well as businesses, including a section on piercing the corporate veil, and discusses the effective use of information brokers (i. How To Do Financial Asset Investigations: A Practical Guide for ... by Schoeder, William R. / The FBI Law Enforcement Bulletin However, the Sixth Circuit reversed this decision, explaining that a parent's liability for operating a facility ostensibly run by its subsidiary depends on whether the degree to which the parent controls the subsidiary and the extent and manner of its involvement with the facility amount to an abuse of the corporate form that warrants piercing the corporate veil and disregarding the parent's and subsidiary's separate corporate entities. Use of SMLLC to hold real estate of a public charity by Nave, David R. / The Tax Adviser More results

The situation was made worse in 2003 when the UK government announced it was piercing the corporate veil in order to ensure groups stood behind the pension promises of their companies.

New U.K pensions regulator affects U.S. corporate activity by McKay, Neville / Tax Executive

The author includes chapters on basic and advanced information sources for conducting financial investigations on individuals as well as businesses, including a section on piercing the corporate veil, and discusses the effective use of information brokers (i.

How To Do Financial Asset Investigations: A Practical Guide for ... by Schoeder, William R. / The FBI Law Enforcement Bulletin

However, the Sixth Circuit reversed this decision, explaining that a parent's liability for operating a facility ostensibly run by its subsidiary depends on whether the degree to which the parent controls the subsidiary and the extent and manner of its involvement with the facility amount to an abuse of the corporate form that warrants piercing the corporate veil and disregarding the parent's and subsidiary's separate corporate entities.

Use of SMLLC to hold real estate of a public charity by Nave, David R. / The Tax Adviser

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