The Forensic CPA’s Role in Piercing the Corporate Veil
In a preview of his Litigation Support column in the fall 2018 Pennsylvania CPA Journal, Erik Ringoen of Forensic Resolutions Inc. in Westmont, N.J., discusses the legal concept “piercing the corporate veil.” He explains how a court can hold a business owner personally liable for the debts and actions of their company under certain circumstances. He discusses some of the missteps that can lead to a veil piercing and the forensic CPA’s responsibilities in aiding the court in making such a decision.
*In a preview of his Litigation Support column in the fall 2018 Pennsylvania CPA Journal, Erik Ringoen of Forensic Resolutions Inc. in Westmont, N.J., discusses the legal concept “piercing the corporate veil.” He explains how a court can hold a business owner personally liable for the debts and actions of their company under certain circumstances. He discusses some of the missteps that can lead to a veil piercing and the forensic CPA’s responsibilities in aiding the court in making such a decision.
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By: Bill Hayes, Pennsylvania CPA Journal Managing Editor
*An update on this topic appeared in "PICPA’s CPA Conversations Podcasts Celebrates 100,000 Downloads" on Dec. 23, 2019.
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Statements of fact and opinion are the authors’ responsibility alone and do not imply an opinion on the part of PICPA officers or members. The information contained in herein does not constitute accounting, legal, or professional advice. For professional advice, please engage or consult a qualified professional.
