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These cases are usually are becoming more acceptable and as such should be headed as a warning to managers and shareholders to properly run their organizations. Some of these cases have created precedents.

Some popular cases are:

• Church of Scientology of California and the IRS (1981 – Tax Exemption)
• Strangi vs...

Some of these cases have created precedents.

Some popular cases are:

• Church of Scientology of California and the IRS (1981 – Tax Exemption)
• Strangi vs. IRS
• Milwaukee Toy Co. v. Industrial Comm'n of Wis., (1931).
• Associated Vendors, Inc. v. Oakland Meat Packing Co. in 1962

Factors for Courts to Consider (Wikipedia)

• Significant undercapitalization of the business entity (capitalization requirements vary based on industry, location, and specific company circumstances)
• Failure to observe corporate formalities in terms of behavior and documentation
• Intermingling of assets of the corporation and of the shareholder
• Treatment by an individual of the assets of corporation as his/her own
• Failure to pay dividends
• Siphoning of corporate funds by the dominant shareholder(s)
• Non-functioning corporate officers and/or directors
• Concealment or misrepresentation of members
• Absence or inaccuracy of corporate records
• Was the corporation being used as a "facade" for dominant shareholder(s) personal dealings; Alter Ego Theory
• Failure to maintain arm's length relationships with related entities
• Manipulation of assets or liabilities to concentrate the assets or liabilities
• Other factors the court finds relevant

**It is important to note that not all of these factors need to be met in order for the court to pierce the corporate veil...

General points of the essay

A company is the property of shareholders, is an exploded myth A company is the property of the shareholders is an exploded myth dynamics facing the managers of today are different from those facing the managers of Taylor's time Financial Managers Need Only Concentrate On Meeting The Needs Of Shareholders - No Other Group Matters Managers, Management and What Managers Do role of shareholders What Do Managers Do? Critically discuss the following statement: “The work and skills of managers are the same irrespective of their position within the organisation.” Where is our Oil and Gas Industry headed???? Is Spanking Acceptable? Organizations of national parks admit that they cannot buy all the land nor protect it single handedly. Their method is to join business, governments, partner organizations and indigenous people together. The Winged Human-headed Bull The IMF is a convenient scapegoat for the failure of politicians to properly manage the economies of their countries Acceptable Accommodation Socially Acceptable Where is Immigration Headed

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