MSN Law Office

Piercing the Corporate Veil: Limited Liability? Not So Fast!

Piercing the Corporate Veil Columbus, Ohio

Forming a business entity like an LLC or a corporation typically provides limited liability protection to the owners. But in certain situations, you can find yourself personally on the hook for the debts and obligations of the business. This week we’re discussing the legal concept of “piercing the corporate veil” and why it’s used so often against small business owners.