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Stanley incorporated Stan's Vans, Inc., to create and sell customized camper vans. He capitalized the...

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Accounting

Stanley incorporated Stan's Vans, Inc., to create and sell customized camper vans. He capitalized the company with $4000 and did not purchase insurance to save money. He and his wife served as officers and directors of the organization, but during the four years of its existence, the corporation held only one meeting. Stans Vans had its own checking account, and all proceeds from the sales of the Vans were deposited there. It filed federal income tax returns each year, using its own federal identification number. Gary and Miranda paid $38,000 to purchase a van from Stans Vans, but the company never delivered it to them. Gary and Miranda sued Stans Vans and Stan, individually. Should the court pierce the corporate veil and hold Stan personally liable?

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