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If a corporation is sued, then the owners will not have their personal belongings at risk unless those belongings were purchased with illegal returns from the corporation.
In other words, if a corporation, in the course of doing business, is involved in any legal action, then the corporation, for legal purposes, is its own person.For all intents and purposes, all acts taken by these two company types are taken by the owners themselves.The company becomes a legal person in its own right, distinct from the This was seen in the famous case of Salomon v Salomon & Co Ltd (1897).Sony SRS-XB40 has a built-in multi-coloured line light, speaker lights and a flashing strobe.It features 24 hours of battery life and claims to be a 'mini-disco on the move'. The corporation is liable for its taxes - not the owner.
This is how corporations may sue and be sued, and their assets are tracked separately.
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This separation of a company from its members was established in the House of Lords in the famous case. Salomon had a boot manufacturing business which he decided to incorporate into a private limited company.