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MedForesight - C Corporation:Limited Liability
"Piercing the Corporate Veil"
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MedForesight - C Corporation:Limited Liability
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A court or the IRS may "pierce the corporate veil" and hold the shareholders personally liable for corporate debts.
Funds are commingled with employees and officers,
Meetings are never held,
Other corporate formalities required by your state of incorporation are not followed
Stock is never issued,
Thinly capitalized corporation is created