How do you say pierce the veil?

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Herein, what does pull the veil back mean?

To divulge, explain, or reveal something that was previously a secret. Our hope is that this expedition will lift the veil on the secrets of the ancient king’s tomb.

Likewise, what does piercing the veil of corporate fiction mean? The doctrine of piercing the veil of corporate entity is used whenever a court finds that the corporate fiction is being used to defeat public convenience, justify wrong, protect fraud, or defend crime or w confuse legitimate issues, or that a corporation is the mere alter ego or business conduit of a person or where …

In respect to this, what is the meaning of veil?

: a piece of cloth or net worn usually by women over the head and shoulders and sometimes over the face. : something that covers or hides something else. veil. verb.

Did Mike leave pierce the veil?

Pierce the Veil frontman Vic Fuentes recently claimed the band’s drummer and his brother, Mike Fuentes, left the rock group in 2017 after sexual misconduct accusations plagued the percussionist. … At the time, an accompanying statement from Mike noted that he was stepping away from the band.

What does the Bible say about pulling back the veil?

The book of Romans explains that “creation is eagerly groaning for the sons of God to be revealed”. All that is saying is that creation is eagerly waiting for the veil, the curtain to be pulled back, and for you to show who you are. … Revelation is pulling the curtain back and showing what’s already there.

What is lifting the veil of incorporation?

LIFTING THE VEIL OF INCORPORATION. … Lifting the veil occurs where the courts or law disregard the corporate personality of the company in deserving circumstances. In Adeyemi V Lan and Baker (Nig) Ltd, the court held that there is nothing sacrosanct about the veil of incorporation.

What is piercing the corporate veil and when would it occur?

Piercing the corporate veil” refers to a situation in which courts put aside limited liability and hold a corporation’s shareholders or directors personally liable for the corporation’s actions or debts. Veil piercing is most common in close corporations.

How do you stop piercing the corporate veil?

5 steps for maintaining personal asset protection and avoiding piercing the corporate veil

  1. Undertaking necessary formalities. …
  2. Documenting your business actions. …
  3. Don’t comingle business and personal assets. …
  4. Ensure adequate business capitalization. …
  5. Make your corporate or LLC status known.

Can you pierce the veil of an LLC?

Piercing the veil is a remedy in which courts will disregard the corporation or LLC’s separate existence. … Then, if the corporation or LLC fails to pay, the creditor will sue the shareholders or members, asking the judge to pierce the veil to hold the shareholder or member personally liable.

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