Answer:
Piercing the corporate veil
Explanation:
This are the options that come with this question:
- hiding behind the corporate skirt.
- whistleblowing.
- piercing the corporate veil.
- limited liability.
This is an example of the doctrine of "piercing the corporate veil." This describes a situation in which the shareholders of a corporation can be held personally liable for the debts and liabilities of a corporation, according to a court. This is in contrast to common practice in corporations, which assumes that, if a corporation is sued, the shareholders cannot be brought into the lawsuit. "Piercing the corporate veil" usually occurs in the case of fraud, or in the case of egregious and willful activity that put corporate gain over the public good.
he demands of the barons were recorded in the document known as the Articles of the Barons. Following further discussions with the barons and clerics led by Archbishop Langton, King John granted the Charter of Liberties, subsequently known as Magna Carta, at Runnymede on 15 June 1215
The benefit of continuity of existence is an advantage of being organized as a <u>corporation</u>.
An organization conducts enterprise, realizes net profits or loss, will pay taxes, and distributes profits to shareholders. The earnings of an enterprise are taxed to the agency when earned and then are taxed to the shareholders whilst disbursed as dividends. This creates a double tax.
A company is a well-known connection with a business whereas a corporation is a connection with a specific sort of business entity. An employer is owned through its shareholders whereas an enterprise may be owned both by the commercial enterprise owner in full (sole proprietorship), numerous individuals (partnership), or others (shareholders).
An organization is a form of commercial enterprise organization that doubles as a separate felony entity from its owners. All agencies are organizations, but no longer all companies are always corporations.
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