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Old 08-18-2025, 02:07 PM
Dond1959 Dond1959 is offline
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Quote:
Originally Posted by Rainger99 View Post
But not always. At the Philosophy Club lecture, the speaker mentioned something called piercing the corporate veil.

Piercing the Corporate Veil: LLC & Corporation Risks | Wolters Kluwer
Directly from your article under Conclusion:
By incorporating or forming an LLC, businessmen and women should be able to limit their personal liability to their investment.

Is anything in the world 100%, no of course not. But it is very, very unlikely there will be any personal liability to the main owners or the developers other businesses. So there should be no impact to future development or other businesses. I know a lot of people want to see the developers main representatives burn in hell, but unfortunately for them it’s not going to happen.