LEGAL GUIDE
Written by attorney Paul K. Silverberg | Jun 30, 2017

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.

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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.

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