Hacker News new | ask | show | jobs
by YokoZar 2472 days ago
The US indeed has this concept, known as "piercing the corporate veil".

Excess payments to ownership (especially if you think the company is about to face a huge liability) is a classic example of one of the justifications for a judge to do just that: make the owners personally liable rather than just the company.

1 comments

The smart way is to pay yourself 10% dividends every year into your own holding companies from the start. Sounds like that’s what they did.

Don’t store your gold next to a nuclear reactor and all.