Under What Circumstances Can A Shareholder Have Liability For Corporate Debts?
Under What Circumstances Can A Shareholder Have Liability For Corporate Debts? Liability by agreement and personal guarantees. This is the most common form of shareholder liability. … Bankruptcy. … “Piercing the veil” of the corporation or LLC. … Omission or tortious act by members or shareholders. … Consenting to unlawful distribution. … Tax evasion. Can