Question

examples of lifting off corporate veil..

Answer plz correctly ​

Answer 1

Answer:

Scenarios under which the Courts consider piercing or lifting the corporate veil are as below,

1] To Determine the Character of the Company. ...

2] To Protect Revenue or Tax. ...

3] If trying to avoid a Legal Obligation. ...

4] Forming Subsidiaries to act as Agents. ...

5] A company formed for fraud or improper conduct or to defeat the law.

Answer 2

Answer:

Scenarios under which the Courts consider piercing or lifting the corporate veil are as below,

1] To Determine the Character of the Company. ...

2] To Protect Revenue or Tax. ...

3] If trying to avoid a Legal Obligation. ...

4] Forming Subsidiaries to act as Agents. ...

5] A company formed for fraud or improper conduct or to defeat the law.