Assertion: close corporation's asset | /r/HasProperty | protected
Facets:
value: conversely
type: DEGREE
value: from business debt
type: OTHER
value: from business creditors
type: OTHER
value: from liability
type: OTHER
value: during lawsuits against the corporation
type: TEMPORAL
Source sentences:
text: Forming a California Close Corporation makes piercing the corporate veil less likely, thus ensuring the personal assets of company owners are protected during lawsuits against the corporation.
text: personal assets are protected from business debt and liability
text: Although there are some exceptions, a shareholder is not personally liable for corporate debts, and assets of the shareholder are protected from business creditors.
text: Let’s say somebody’s driving on a Saturday night and they rear end somebody in their car, the assets inside the company and the company itself can be protected if it’s a limited liability company.
text: Conversely, the assets of the corporation or LLC may be protected if an individual is involved in a personal lawsuit or bankruptcy.
text: Conversely, the assets of the corporation or LLC may be protected if an individual is involved in a personal lawsuit or bankruptcy.
text: If the business were to fail personal assets are protected.