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Protection from damages from Internet advertising fraud for owners of an Incorporated company?


Can a Canadian incorporated company which has no assets personally guaranteed have it's owners sued for online advertising fraud?

Wouldn't the owners be protected from a lawsuit because checks from the advertiser are made out to the name of the incorporated company and depoisted into the business account? I understand the company can be sued for it's assets but aren't the owners safe from a personal lawsuit? Couldn't the company simply file for bankruptcy if the lawsuit cannot be wonafter distributing the profits to the owners ?

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The following were selected from among the transactions complete by Wild Adventures Company during December of the current year. Dec. 3. Purchased merchandise on account from Miramar Co., list price $45,000, trade discou
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