Reach the assets of the men personally

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Manny and Ralph decided to start a small business together. They typed on sheet of legal paper, "Manny Sanchez and Ralph Sader hereby form M & R Construction as a Nevada Corporation." They signed and dated it and held it in a safe deposit box at a local bank for safekeeping. They ordered business cards and began to install decks on people's homes in the Reno, Nevada area. What kind of business entity does the two men legally own? If M & R is sued can they reach the assets of the men personally? Explain your reasoning and cite

Reference no: EM132432656

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