Legal Question in Business Law in Texas
Piercing the Corp Veil
If I start an LLC but have to personally guarantee a Bank loan, does that pierce the corporate veil for all other creditors or just for the Bank? I do not want to open a door for all creditors but just for the Bank.
Asked on 10/09/06, 2:25 pm
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: Piercing the Corp Veil
Just for the bank.
Answered on 10/09/06, 4:07 pm
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