Corporations provide a lot of protections to their owners and officers. Generally speaking, a corporation is considered a legal entity, separate from the people who own and run it. This means that if the corporation is in debt or goes bankrupt, then the assets of those who own and run it can’t be seized to pay that debt. That’s the kind of shield a corporation provides.
What it does not provide a shield against, however, is fraud.
What is Fraud?
Fraud, in this case, refers to a deliberate misinterpretation and presentation of facts, which is then used to try and goad someone else into action. Saying that a product will cure cancer when, it in fact doesn’t, in order to get someone to buy it, is an example of fraud. Others might be misconstruing numbers to persuade investors to buy stock or lying to officers about profits and losses. All of this is considered corporate fraud.
When to Contact a Coachella Valley Commercial Litigation Law Firm
Not all cases of fraud are so cut and dry, however. When that happens, it’s a matter for the courts to decide. For those involved in the process, it’s important to contact a Coachella Valley commercial litigation law firm. Whether someone is bringing suit or defending against it, it’s important to have a Coachella Valley commercial litigation attorney on your side. These individuals know the law and, just as importantly, they know the court system in the area.
While there are several options for a Coachella Valley business transaction law firm, it’s imperative that businesses involved in a fraud suit contact experts as soon as possible. Attorneys can deal with the heavy lifting involved, leaving the other parties to run their businesses and live their lives without the suit devouring more time, effort, or money than it has to.
Contact our Coachella Valley commercial litigation attorneys by calling 760-322-2275 for a consultation.