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Literally, an alter ego is a second self. Under the
alter ego doctrine, a court may look past a corporate status in order to
get to the individual stockholders themselves, where the stockholders
have wholly disregarded the corporate form and corporate formalities.
This exposes the stockholders to person liability beyond the amount of
their investment. If you treat the corporation not as a separate and
distinct entity, but as just another you, the corporate veil will be
pierced.
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