Corporate Law S Corp suit
- Thread Starter phyld
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Unless they can "pierce the corporate veil" my understanding is no. We are assuming that you didn't commingle the assets of the corporation with your assets or the like. Are you being sued personally or is it the corporation that is being sued and you are wondering whether you will be liable as a result of the corporation being sued?
re: your questions about the s corp
No, someone is trying to sue the business, for a policy that was written. My partner and I both have our own personal things and were concerned that if someone sues the Corporation that it could spread over into our personal assets. No, the claim is actually baseless, unfortunately a bad situation topped with now lies, and acusations.
No, someone is trying to sue the business, for a policy that was written. My partner and I both have our own personal things and were concerned that if someone sues the Corporation that it could spread over into our personal assets. No, the claim is actually baseless, unfortunately a bad situation topped with now lies, and acusations.
Assuming that they may sue the company, my understanding is as I said, that they would have to prove some extraordinary circumstances to pierce the protection of a corporation in order to reach your personal assets.
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