Cannabis Business and Corporate Separateness, Part II

By Rebecca Millican on September 2, 2014

In the first part of this post, we emphasized the importance of maintaining strict boundaries between your non-canna and you canna businesses, saying, “Basically, treat everything you do personally and everything your businesses do as if you were all strangers.” Today we reiterate that message, and describe in more detail how and where you might go wrong.

As we previously stated, the “personality” of a corporation allows companies to conduct its business separate and apart from that of its owners, while at the same time insulating those owners from company obligations. But where can you go wrong? What might cause you personally (or your other, non-canna business) to be on the hook for your canna business’s debts or misdeeds?

http://www.cannalawblog.com/cannabis-business-and-corporate-separateness-part-ii/