Browsing Category »Simplified concepts«

Meaning of the phrase ‘Lifting of the Corporate Veil’

October 23, 2010

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Meaning of the phrase ‘Lifting of the Corporate Veil’

The term corporate veil is associated with an incorporated business body i.e. a Company. A corporate body has a distinct identity from its members but it is simply legal fiction. In reality Individual/persons are the ones who run a company in hopes of acquiring benefits out of it. The word veil in its verb form […]

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