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by einhverfr 4452 days ago
Also remember that the veil does not protect individuals from being found liable their own part in corporate actions. This is the basic promise of a limited partnership: I give you money to start your business. I am liable only to the point of my investment, but you are responsible for all of your decisions.

I think we should just treat corporate C-level officers as unlimited partners with regard to decisions made under their watch. That would mean effectively that business debts that the corporation could not pay would fall on the officers to guarantee, and that things like product liability would be treated a little differently.