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Product ID: 406478EAU
 

Piercing the Corporate Veil Checklist - Avoid Mistakes and Exposure

OnDemand Webinar (89 minutes)

Avoid piercing the corporate veil with these tests and due diligence checklists.Business entities, whether corporations or other limited liability entities, are used by business people and businesses to shield their unrelated assets from liability. The entity veil describes the separation of a business entity from its owners and their 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 terminology surrounding analysis of veil piercing claims. This topic will isolate the essential factors that courts have considered important enough to merit application of extraordinary remedy and 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 and address other factors, such as jurisdiction and forum selection. As a transactional lawyer, the information will address formation and ongoing operational considerations appropriate for a large corporation, a closely held business or an individual.

Authors

Tod Northman, Tucker Ellis LLP Emmanuel Sanders, 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