corporation

If your small business is incorporated as either a C-corp or S-corp, you likely want to issue shares of stock for several reasons: 1. To grow your company by raising capital for your business; or/and 2. To show that your business complied with corporate formalities (see http://www.regallawoffice.com/blog/2011/02/16/safeguard-your-personal-assets-from-your-business-liabilities/. However, in order to issue stock, you must register with […]

So you formed a corporation or a LLC for your small business. Think your personal assets are safe from lawsuits or creditors–think again! The law allows a third party to “pierce the corporate veil” to hold the shareholder(s) liable for any claims asserted against the corporation.  Under this doctrine, if the third party is successful, the court will regard the […]