In this research paper I examined the dictum of Lord Halsbury on Salmon V Salmon  A.C.22 that outlined very fundamental concept of corporate law in the U.K. I assessed the Limited Liability Company (LLC), one-man companies, and group of companies.
I examined shareholders’ interests and creditors’ interests in relation to common law and how to protect creditors. I conclude by outlaying the exact position in the U.K in relation to limited liability companies and corporate personality.
The full paper is available here.