A court may attempt to pierce the corporate veil and hold an individual — a shareholder or director — liable for a company’s actions or debts by delving beyond the limits of limited liability to potentially hold the shareholders liable for any debts.

Empowerment means that each member is responsible for creating the organization’s culture, for delivering outcomes to its customers and especially for the quality of their own experience.

Regardless of the kind of alternative structure being considered, CPA firms need to be diligent and do their homework before embarking on ways to increase revenue growth.