Not sure you understand how the world works...Corporations havein a liability shield. You can't sue THROUGH the corporation to the owners. You can only sue the owners of Corporations and LLCs. That's the whole purpose of the entity.#129 | POSTED BY SYCOPHANT AT 2014-06-30 03:32 PM | REPLY |
This is quite a statement, and if you are a small business owner and your attorney has provided you this information, fire them immediately if this is your currant understanding of how your business (llc / corp) structure is supposed to shield you from liability. Your personal assets may be in grave danger.
All corp - including LLCs - limit the liability of the owners to plaintiffs (usually creditors) and protects the owner (shareholders) assets, provided that those who control the entity (corp / llc) treat it as separate and distinct from the owners of the Corp. This involves following proforma activities to show the corps independence from the owner, activities such as having regular board meetings, election of officers etc. When these formalities are not followed the courts will allow a plaintiff to "pierce the corporate vail" to hold owners, officers and director personally liable. Brief treatment of issue can be found here.
The bigger issue is not healthcare or birth control but why would the Owner of an LLC / Corp ( an amoral fictitious entity) be able to control the moral thought of that Corp as if it where the thoughts as an extention of the owner themselves yet enjoy the secular idea of asset liability protection? How do you impute morals onto an amoral fictitious entity that is designed to be separate from the Owners yet enjoy the Corp veil protection?