A theory used to reach the assets of individual shareholders when there is a judgment against a corporation but the corporation has no assets to satisfy the judgment. In general, if the shareholders operated a business in complete disregard of the corporate form,meaning they never had shareholder...
Jurisdiction over Non-Signatories to the Arbitration Agreement - Can Arbitrators Pierce the Corporate Veil?Pimm, Michael R
Basis has another meaning in economic terms. The basis of an investment is its cost. When filing a tax return, we must know the basis of a sold asset in order to calculate its gain or loss. If something has no basis, then the sale is all profit and results in the highest tax penalt...