Here are some search examples yielding judgment information for NY and NJ States: New York using âcourtsâ: http://www.courts.state.ny.us/ and âjudgmentâ: http://www.consumer.state.ny.us/clahm/clahm-small_claims_court.htm leads to New York State Small Claims Court information and judgement collection in New York.
At the top of the city. in a glass-chromed room. an attorney assures the board of directors. that the corporation is the person. against which any or all action may be taken, not against each and every director joint or several.
The corporation is a separate legal entity that is owned by stockholders. A general corporation may have an unlimited number of stockholders that, due to the separate legal nature of the corporation, are protected from the creditors of the business.A stockholder's personal liability is usually limited to the amount of investment in the corporation and no more.Advantages. 1  Owners' personal assets are protected from business debt and liability. 2  Corporations have unlimited life extending beyond the illness or death of the owners.he corporation is a separate legal entity that is owned by stockholders. A general corporation may have an unlimited number of stockholders that, due to the separate legal nature of the corporation, are protected from the creditors of the business.