business owners should take the time to analyze their O&O

We have lately seen a rash of cases where the corporate veil was busted primarily for lack of adequate capitalization. Thus, business owners should take the time to analyze their O&O and make sure that they are now — and continue to be — adequately capitalized for whatever they are doing and whatever agreements they are entering. The corporate veil is not an unlimited defense… as yet another owner of a sole shareholder corporation has discovered in a recent case, Bogosian v. All American Concessions, 2011 WL 4460362 (E.D.N.Y., Slip Copy, Sept. 26, 2011). So, what did him in? As…

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