LEGAL GUIDE
Written by attorney Paul K. Silverberg

HOW LIMITED IS MY PERSONAL LIABILITY FOR BUSINESS DEBTS AND LIABILITIES?

If a creditor of the business is unable (or believes it will be unable) to collect its claims against the business, it may attempt to pierce the corporate veil. The piercing the corporate veil will eliminate the liability protection given to the business owners and officers and expose them personally. The law generally states that the corporate veil will not be pierced absent a showing of improper conduct.

Additional resources provided by the author

Paul K. Silverberg is a shareholder at Silverberg & Weiss, P.A. as the firm practices both Business Law (transactional) and Commercial Litigation, including the formation and representation of corporations and LLCs. To contact Mr. Silverberg, call (954) 384-0998, e-mail to [email protected] or visit the firm website at www.pkslegal.com.

Free Q&A with lawyers in your area

Can’t find what you’re looking for?


Post a free question on our public forum.

Ask a Question

- or -

Search for lawyers by reviews and ratings.

Find a Lawyer