Question

quizzes and tests
total points: --/150
the phrase \piercing the company veil\ applies to which type of organization?
close corporation
general partnership
limited liability company
s corporation

Explanation:

Piercing the company veil is a legal concept that allows a court to hold shareholders personally liable for a corporation's debts and obligations. It applies to all types of corporations including close corporations, limited - liability companies, and S corporations. General partnerships do not have the concept of a "company veil" as partners are generally personally liable for partnership debts already.

Answer:

A. Close corporation, C. Limited liability company, D. S corporation