Piercing the Corporate Veil in California: What You Need to Know

In the state of California, a corporation is considered a separate legal entity from its shareholders, officers, and directors. This means that the corporation is responsible for its own liabilities and debts, and the individuals associated with it are not held personally liable. However, in certain circumstances, a court may "pierce the corporate veil" and hold the individuals behind the corporation liable for its actions. In California, the legal concept of piercing the corporate veil serves as a reminder of the importance of maintaining a clear separation between the corporation and its shareholders, officers, and directors. It also serves as a...