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Governing Persons and Owners in Action: Liability Protection and Piercing the Veil of Texas Business Entities Chapter 7.2
Sole proprietors and partners in a traditional general partnership enjoy no protection from the debts and liabilities of the business. The various business entities that provide some type of liability protection do so under slightly varying approaches. These variations are discussed below.
Governing Persons and Owners in Action: Liability Protection and Piercing the Veil of Texas Business Entities Chapter 7.2
Sole proprietors and partners in a traditional general partnership enjoy no protection from the debts and liabilities of the business. The various business entities that provide some type of liability protection do so under slightly varying approaches. These variations are discussed below.