Incorporation Session 17 - The Corporate Veil and Formalities
This session discusses the operating formalities of being incorporated. Kevin speaks on the general formalities for all Corporations. Maintaining an incorporated business is critical for liability protection. Included in this topic is the Corporate Veil and how that is maintained by these simple operating formalities. Your business entity is only as strong as it is maintained properly. A very important lesson for any business owner. The single biggest point that these formalities address is separating personal and business affairs. The separation is where liability shield stands - if your business is sued, your personal assets are not jeopardized, and vice versa - as long as your corporate veil is maintained. You will learn about the key formalities and the simple, yet important, actions that will ensure you are protected by your incorporation.
Inside This Session
- The Corporate Veil
- Corporate Operating Formalities
- Liability Protection
- Holding Meetings
- Financial Transaction Protocols
- Shareholder Privacy
