Glossary • Updated 2026
Piercing the Corporate Veil
Courts ignoring the entity to reach owners, usually for commingling or undercapitalization.
In detail
Prevented by separate accounts, documented meetings, adequate capital, and filed reports.
Single-member entities face more veil challenges: formalities matter more, not less.
Administrative suspension weakens the shield exactly when you need it.
Where it matters
More definitions
Sources
- Cal. Rev. & Tax Code; 8 Del. C.; Wyo. Stat. Title 17; FTB/SOS glossaries