Chapter 344 - Hate "What Ifs" (2/2)
Gu Nianzhi shi+fted in her seat to avoid Lawyer Jin’s shouting before standing up as well “Are you done now?”
“Yes I’rounds you have for my client to bear any debt liability aside froal and legitimate! Don’t think you can do whatever you want just because you have the support of theto report you to thehis reasons and finally sat down He hastily took a sip of water; histoo dry
“Good, now it’s my turn to speak” Gu Nianzhi also took out her prepared materials and threw it on the table
“Lawyer Jin was certainly correct For a limited liability company, the shareholders do not have to bear any liabilities outside of their own shares If the company shuts downs and liquidates, shareholders will only lose all their own shares at maximum and not suffer any other losses”
“What else do we have to discuss then? You can all leave now” Lawyer Jin laughed “You’re just repeating n that request?”
“Of course,” Gu Nianzhi replied frostily, “Lawyer Jin, why are you so anxious? Can’t you wait forelse to say? If you’re just repeating what I said, don’t waste any impatient “This is the month of the Lunar New Year and we are all very busy”
Gu Nianzhi raised her brows, her voice even colder “If you keep talking nonsense, I can report you to the Bar association for lacking in professional ethics”
Lawyer Jin finally quieted down, but his face was s Gu Nianzhi wouldn’t defeat him this time
Gu Nianzhi scanned all the faces in the conference rooze She sly at him and took out an earmarked report fro Lawyer Jin and Zhao Da’s laith the evidence “Dacheng Industries LLC’s full na to co to the definition of LLC under company laws, it is stipulated that the number of shareholders in such companies shall not exceed 50 people nor fund externally The shareholders shall bear limited liability within the limits of capital contribution So if the company has problems under normal circumstances, the shareholders’ risk is only limited to the capital invested”
Lawyer Jin crossed his arms and rolled his eyes
“But…” Gu Nianzhi swiftly changed the topic as she glanced at Lawyer Jin
He froze; he hated that phrase, “but” ! Why doesn’t she go to hll!
Gu Nianzhi paused then watched the faces of the two other lawyers fall before sal personality denial syste the company’ In short, the shareholders cannot hide under the name of the company and do as they please If the shareholders rule that the lial activities and have the evidence surface froation, the shareholders are not exempt from liability In order words, when shareholders use an LLC to engage in illegal acts, the shareholders not only have to assume responsibility for their own shares, but ulation was known as “piercing the corporate veil”
Lawyer Jin’s head started buzzing and his face grew ruddy as he howled in his ulation! How could he possibly win the case now?!