Braswell v. United States, 487 U.S. 99 (1988) Essay

Braswell v. United States, 487 U.S. 99 (1988) - Essay Example The courts however use the doctrine to deviate from the limited liability concepts in corporate organization to hold people responsible for action that target selfish interests. The doctrine of piercing the corporate veil is a corollary to the alter ego doctrine and involves breaching of the separate legal entity of a corporation to hold shareholders liable for actions that identify abuse of responsibility. In pronouncing personal liability of a shareholder, a court is said to have pierced the veil (Weil, Lentz, & Hoffman, 2012). The alter ego doctrine and the doctrine of piercing corporate veil are therefore concepts for equitable remedy that seek to protect innocent victims from unethical practices by shareholders, employees, or directors of corporate organizations, for personal gain. The alter ego doctrine establishes deviation from the limited liability concept of corporate organizations and the doctrine of piercing corporate veil is an implementation of the alter