You individually even though you set up corporation

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You own a corporation that picks up grease from McDonalds. Your corporation has $2,000.00 in the bank account and has always been underfunded and you sometimes pay your house payment out of the corporate bank account (co mingle the corporate funds with your personal expenses). One of your drivers has an accident and spills grease all over the highway and causes 1.7 million dollars in damages. You ell the lawyers, " well the corporation only has $2,000.00". The lawyers says they are going to pierce the corporate veil and sue you individually. Why can he lawyer sue you individually even though you set up a corporation? Explain piercing the corporate veil and BE SURE and answer my question.

Reference no: EM132210095

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