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Alan Freeman Is in the Process of Forming a Corporation

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Alan Freeman is in the process of forming a corporation in order to protect himself from liability in the operation of his construction/development business.The business is incorporated on November 1,1986.However,Alan was anxious to get started on a townhouse development.He signed contracts with subcontractors for the project during September and October.Discuss Alan's liability before and after incorporation.

Alan Freeman is in the process of forming a corporation in order to protect himself from liability in the operation of his construction/development business.The business is incorporated on November 1,1986.However,Alan was anxious to get started on a townhouse development.He signed contracts with subcontractors for the project during September and October.Discuss Alan's liability before and after incorporation.

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Alan is personally liable on the contrac...

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