Question:
You have just inherited $ 10 million. Rather than kicking back and avoiding all work, you are contemplating starting and operating a landscaping business with a friend that would require each of you to invest $5,000 for equipment. Your friend suggests that the business be formed as a corporation so that you won't have to buy a lot of expensive liability insurance to protect your inheritance from tort claims from people that you conceivably might injure. Given your knowledge of veil piercing, what do you tell your friend?