----------------------------------Originally Posted by Lee
Their corporate veil has just been pierced. Never, never NEVER have the same address for multiple companies. One of the things listed for piercing the corporate veil is "Are the companies located in the same office? " SOURCE The source link is a law firms advice on piercing the corporate veil of affiliated companies.
Anyone with multiple corporations, I urge you to search Google under piercing the corporate veil to learn what liability you incur when you don't do things correctly and by the law.
If these guys did indeed have separate corporate entities, that operated from the same address, all the companies operating from the same address are now open to the liability of the one companies alleged illegal activities.
On a positive note, I'm glad the good guys are out there doing something truly positive for the world, if indeed something illegal was taking place :francais:
Does anyone know if the term affiliates used here is the same as our meaning for affiliates? Or does it mean the affiliated corporate entities of ExtremePay that were all run by the same people?
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