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Did you know trying to pierce the veil of a privately held corporation, or LLC, is the most litigated issue in corporate law today?

Once piercing of the corporate veil occurs the liabilities of the business become the liabilities of its owners.

The legal theory used to accomplish this is known as the “alter ego” theory. Under this theory it must be proven that the owner did not operate his entity as if it were a separate legal entity. Activities such as commingling of funds are one of the leading factors that lead to corporate veil piercing.

To protect yourself and maintain the integrity of the corporate veil you should know what types of practices can put you at risk. By having the right knowledge you can create a stronger corporate veil and avoid putting your personal assets in danger.

As long as you respect this separateness, your business entity will have no issues being recognized as a separate legal entity and will be ultimately responsible for its own debts.

However, there are many other commingling activities related to loans that can also risk piercing of the corporate veil. The

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Reporting from London and Seoul The protests against corporate greed born last month on New York’s Wall Street spread across the world Saturday, with fed-up demonstrators staging marches in Europe and the Asia-Pacific region.

In London, a crowd of placard-waving protesters, watched by scores of vigilant police, gathered on the steps of St. Paul’s Cathedral, and then moved toward the London Stock Exchange building nearby.

“We are here in solidarity with those protesting in the United States,” said Sean Murray, an engineering student at the University of London. “The problems we face are exactly the same: a system in which a financial crisis was caused by bankers and people who make money, and people who don’t make money have to pay for it.”

FULL COVERAGE: ‘Occupy’ protests

The principal organizer of the protest was the anti-austerity movement UK Uncut, but several other groups joined the throng calling for a clampdown on bonuses given bankers and more vigilance about and penalties for high-income tax dodgers.

Anti-austerity movements have mushroomed throughout Europe as more public-sector workers fight their governments’ programs to cut their jobs, salaries and pensions. Read more…

If you are in business then it pays to know that your clients can turn on you! Having the best intentions is not always enough, and despite the fact that you might be committed to providing the best possible work for your clients, it has to be recognised that at times this is impossible. Sometimes things go wrong, and when they do, the client invariably will turn to you for answers. If you have a strong public liability insurance policy then you can at least be confident of being protected if you ever do make a real mistake with work for one of your clients.

If you really feel that something like this could benefit you then the best thing you can do is to go on to the internet in an attempt to find yourself a decent policy. Although this sort of policy is going to cover you for millions of pounds worth of damages, you shouldn’t have to pay through the nose for it. Remember that there are a great deal of companies out there so it is always worth getting a few quotes before you commit to something. Getting a professional indemnity insurance quote is the easy part, but finding one that you are happy with is the critical part! Read more…

Too many procedures is the reason why many people start their own business first. Unfortunately, not having procedures and systems in place at all is not an alternative. Depending on the type of industry, business owners must reach a balance or chaos will ensue and the unknown. Some basic examples where procedures or systems are required, including billing, collections, payroll, HR (interviewing, hiring, vacation, benefits, job responsibilities, etc.), manufacture, operation equipment, equipment maintenance, inventory, sales calls and logistics to name a few.

Even a show a person needs to have some admin procedures in place. This will make it easier to hire temporary workers and subcontractors and monitor what they do for you. Read more…

If you are thinking about trading on the forex then the one thing that you have to think very carefully about is the forex account that you sign up to. It is not so much the account that is important, but the trading platform that comes with it. These trading platforms vary from one account to another, and finding one that suits your way of trading is going to make all the difference when it comes to the amount of money that you are able to make.

The trading platforms that you can use are fantastic in terms of allowing you to trade, but if you want one that is going to help your way of trading then you have to p[lay the market a bit. You should be looking for a platform that can allow you to utilise charts that can help you to understand the market. You can also find platforms that will give you regular updates on the state of the market, and this in itself is a great aid to learning more about the market. To find these fantastic platforms, you just need to search for a forex platform that will do all of these things. Read more…

Most Americans have seen this movie before: With less than six days until a possible U.S. Government shutdown, considerable differences remain between Democrats and Republicans on the content of a resolution that would keep the federal government open past Sept. 30.

In a nutshell, Senate Democrats want a larger Hurricane Irene / tornado / disaster relief bill and no offsetting spending cuts, whereas House Republicans want a smaller disaster relief bill with its spending offset by cuts to programs important to the Democratic Party — including job-creating programs.

Third Time in Five Months U.S. Government Shutdown Looms

This is the third time in five months that the U.S.

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