Articles

Articlesuser2019-02-19T20:17:49+00:00

Importance of Corporate Records
Importance of Corporate Records Most companies conduct their businesses through a legal entity such as a corporation, limited liability company or limited partnership. Why? The primary purpose of doing business through one of these entities is to insulate owners from liability arising out of company activities. For example, if someone is injured as a result of a company activity or product or on its premises, presumably the owners are shielded from personal liability. Nevertheless, the injured person could seek to reach the owners’ personal assets by attempting to “pierce the corporate veil” of the company. Likewise, a plaintiff in a contract dispute can also seek an owner’s personal assets in this manner. In determining whether to pierce the corporate veil, a court generally will not […]Read More