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Sponsored by Lorman Education
Product ID: 409506EAU
 
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Piercing the Corporate Veil Checklist: Avoid Mistakes and Exposure

OnDemand Webinar (61 minutes)

Avoid piercing the corporate veil with these tests and due diligence checklists.Corporations or other limited liability entities are used to shield unrelated assets from liability. The entity veil describes the separation of a business entity from its owners and assets. In limited circumstances, courts will pierce the entity veil and hold an entity's owners liable for the obligations of a business entity. Courts have traditionally been loose with the terminology surrounding the analysis of veil piercing claims. This topic will isolate the essential factors that courts have considered important enough to merit the application of an extraordinary remedy. We will delve into the differences between piercing the entity veil and piercing the entity veil of a limited liability company or other forms of limited liability entities. This topic will address other factors such as jurisdiction and forum selection. Lastly, the material will cover formation and ongoing operational considerations appropriate for a large corporation, a closely held business, or an individual.

Authors

Tod Northman, Tucker Ellis LLP Sofia Skok, Tucker Ellis LLP

Agenda

Piercing the Entity Veil: Introduction and Current Trends

Digging Deeper Into the Alter Ego Doctrine

Avoiding Operational and Structural Mistakes That May Lead to Veil Piercing

Reverse Veil Piercing

Special Considerations for Single-Member Entities, Joint Ventures, and Foreign Parents

Litigation Considerations: Defenses, Jurisdiction, Forum, and Trial

Legislative and Regulatory End Runs to the Entity Veil

Future of Veil Piercing