Individuals conducting business in the construction industry typically will do so through a corporation or some other business entity to obtain the legal advantages available to such entities. As a general matter, “[t]he rule of law that has evolved in New Jersey is that the corporate form as a wholly distinct and separate entity will be upheld.” Coppa v. Taxation Div. Director, 8 N.J. Tax 236, 246 (Tax Ct. 1986). As such, “a primary reason for incorporation is the insulation of shareholders from the liabilities of the corporate enterprise.” State Dep’t of Envtl. Prot. v. Ventron Corp., 94 N.J. 473, 500 (1983).
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