What Is Joint and Several Liability?

Joint and several liability is a legal principle that allows multiple parties to be held liable for damages even if they are only partially at fault. Under this doctrine, each party is liable for the entire amount of damages, regardless of their individual level of fault. This principle is often used in personal injury cases … Read more

How Shell Corporations Are Used, Examples and Legality.

A shell corporation is a company without significant assets or operations. It is used as a vehicle for various financial maneuvers, such as evading taxes or hiding assets. Shell corporations are legal, but can be used for illegal purposes. Do shell companies have bank accounts? There is no simple answer to this question, as it … Read more