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Preventing Personal Liabilitiy of Shareholders: The Importance of Maintaining Corporate Formalities Business Transaction Law

Preventing Personal Liabilitiy of Shareholders: The Importance of Maintaining Corporate Formalities

Create a corporation and limit liability, right? Not necessarily. There are specific requirements under California law which must be met in order to maintain a corporation. These requirements are commonly referred to as “corporate formalities.” Corporate formalities are the basic…
Lanak & Hanna
December 23, 2013
Lanak & Hanna
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