Nonprofit Briefs: The “Corporate Veil” | Company


A corporation is a legal entity with a life of its own, although it is not human.

The corporate veil is a legal concept that separates the officers and directors of a corporation from the legal person itself. This legal theory provides limited liability for officers and directors as they act on behalf of the corporation. However, criminal activity and certain irregularities in the management of companies can, in turn, compromise this protection.

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