Talk:Piercing the corporate veil

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Did a sentence go missing here?

In my edit (https://en.wikipedia.org/w/index.php?title=Piercing_the_corporate_veil&oldid=1092957890) I've removed a half-complete sentence, but I'm unsure as to whether this sentence was perhaps a full sentence at one point and was accidentally severed?

--Ambientcalculus (talk) 17:45, 13 June 2022 (UTC)[reply]

Corporation

"But it is likely a court would say that the new company was just a "sham" or a "cover" and that, as the new company is completely owned and controlled by one person, the former employee is deliberately choosing to compete, placing them in breach of that non-competing contract"

Maybe I'm totally off here but if the new company is completely owned by the individual, it's not a "corporation", it's a private business, and absolutely subject to the restrictions against competition laid out on the contract. Like in what other form is the guy going to compete commercially? He has to form a business to do that. That's implied in the agreement. It would be an LLC but not a corporation. I think the issue would be if he was primary owner in corporation with majority shares, and his effective control over the business makes it his by default, in that scenario. But you can't be complete owner of a corporation. Idumea47b (talk) 20:00, 3 December 2024 (UTC)[reply]