Oklahoma corporation

5 steps to prevent your Oklahoma corporate veil from being pierced

What does it mean to have your corporate veil pierced?

The veil of limited liability is the legal protection a person or people get when they form an Oklahoma corporate or limited liability company. The company has a separate legal existence, it can own property, make contracts and generally conduct business.

When you hear the phrase “piercing the veil” that means a court is considering taking the protection you receive from having the corporation or limited liability company. If it happens, all of your personal assets could be at risk.

There are certain things that you, as the business owner, can do to maximize the chances that your shield of limited liability will hold up. Read on to find out the steps.
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Posted by Shawn Roberts in Blogposts, Business Law