FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018. By continuing to use this site, you are consenting to our Terms of Service and use of cookies.
What is the name of your state (only U.S. law)? Texas
Hello,
I wanted to know if I start a non profit corporation and someone tried to sue, will my personal assets be at stake or just the organization itself? thank you!
Same as for a for-profit company. You can be liable for your personal negligence. It's also possible to "pierce the corporate veil" if you fail to operate the corporation as if it were a corporate rather than personal entity.
Generally a corporation gives you protection against actions of the corporation.
What is the name of your state (only U.S. law)? Texas
Hello,
I wanted to know if I start a non profit corporation and someone tried to sue, will my personal assets be at stake or just the organization itself? thank you!
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.