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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1326 |
Essay's paper body
Salomon decided to incorporate his business as a limited company as Salomon and co ltd. In which case he wouldn’t be responsible for the debt of his company which is a benefit.
The cooperate veil or the cooperate shield is legal fact that a corporation is an entity separate and distinct from its officers and shareholders –
protects shareholders, directors and officers from liability for corporate debts in which case the people and shareholders owners will not be liable but there are exceptions and circumstances under which the cooperate veil can be lifted and the owners could be liable...
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Salomon decided to incorporate his business as a limited company as Salomon and co ltd. In which case he wouldn’t be responsible for the debt of his company which is a benefit.
The cooperate veil or the cooperate shield is legal fact that a corporation is an entity separate and distinct from its officers and shareholders –
protects shareholders, directors and officers from liability for corporate debts in which case the people and shareholders owners will not be liable but there are exceptions and circumstances under which the cooperate veil can be lifted and the owners could be liable...
Essay fragment
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