One of the key advantages to forming a corporation is that its owners are immune from personal liability for business debts and other obligations…

One of the key advantages to forming a corporation is that its owners are immune from personal liability for business debts and other obligations arising from operation of the corporation. This immunity from personal liability is commonly referred to as the “corporate veil.” Explain why you support the corporate veil, or why you do not support such immunity from personal liability for corporate debts and other obligations.

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