Piercing the Corporate Veil: A General Overview of the Exception Creditors Can Use to Find Individual Shareholders Liable for Corporate Debts

by David S. Brown, Esq. A fundamental rule of corporate law is that shareholders, officers and directors are not liable for the debts of the corporation.[1] In this respect, individuals find the corporate form useful because it creates a division between shareholders and their business concerns.[2] Simply put, the corporate form insulates individual shareholders from…