Prevent a Creditor from Piercing your Corporate Veil

If you think that the “Inc.” in your corporate name protects your personal assets from attack – think again.  As a small business owner whose personal assets are depleting, it is tempting to use your business funds to pay your personal bills – writing checks from your business account to pay your family expenses.  Before long, you may realize that your business has become undercapitalized and is hurdling towards insolvency.  In such a situation, you leave yourself especially vulnerable to a creditor who wants repayment for his or her goods or services. Read more »