That Was My Idea! One of the most important legal principles associated with intellectual property is the fact that, an "idea", alone, is not "property" that can be protected until it has been manifested in a tangible form.
Posted: 2010-02-14
Category: Legal
Piercing The Corporate Veil Under certain circumstances, courts will disregard the corporate entity (including LLC's) and 'pierce the corporate veil'. The result - individual shareholders, directors, officers or members can be held liable for corporate actions. Suddenly, the money in your personal bank account and, personal assets such as your home, can be in jeopardy.