Posted by JHyre in Ohio on January 03, 1999 at 12:47:15:
While I focus on tax- as opposed to corporate- law, I have never heard of the “same address” piercing the veil. I have seen too many companies at the same address in this country (and vicariously seen it in the Caymans…) to believe otherwise. The people I dealt with were Fortune 500 and had well over 2 dozen companies out of the same address. The Caymans people (Admittedly not always the best examples of what is legal) stuff 100+ corps into one room to take advantage of certain tax treaties and have not been pierced (at least not on that ground!). Having companies at the same address does not offend certian principles of fairness the way being undercapitalized or not following the corporate formalities do. The latter two points are the most common reasons for piercing the corporate veil.