linguistically speaking, the employee and the corporation are different “persons,” even where the employee is the corporation’s sole owner. After all, incorporation’s basic purpose is to create a distinct legal entity, with legal rights, obligations, powers, and privileges different from those of the natural individuals who created it, who own it, or whom it employs. That separation is what legal and business scholars call the corporate veil, and its fundamental to the entire operation. Now, thanks to the Hobby Lobby case, its in question. By letting Hobby Lobbys owners assert their personal religious rights over an entire corporation, the Supreme Court has poked a major hole in the veil. In other words, if a company is not truly separate from its owners, the owners could be made responsible for its debts and other burdens.
Posted on: Fri, 04 Jul 2014 01:18:56 +0000
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