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6 Apr 2008, 8:18 pm
NEXT: The North Carolina LLC Act, and its provisions relating to individual liability of LLC members. [read post]
23 Mar 2010, 12:35 pm
In a landmark case in March, 2008, The New York Supreme Court held that Geneva Corporation could successfully pierce the corporate veil of American Lending Services, LLC and decided that Mr. [read post]
12 Aug 2017, 5:15 pm
Keith Paul Bishop reports: As the name suggests, reverse veil piercing occurs when a third party outsider is able to reach corporate assets to satisfy claims against an individual shareholder. [read post]
2 Aug 2022, 6:40 am
Piercing the Corporate Veil Lastly, the defendants argued that the district court erred in denying their motion for directed verdict or JNOV as to the piercing the corporate veil claim. [read post]
18 Sep 2008, 1:54 pm
In the event of a lawsuit, this can result in "veil piercing" which, as we have discussed here previously, is much harder to do to an LLC. [read post]
9 Sep 2021, 9:57 am
Due to the complex use of the corporate form to shield from corporate liability, attempts to pierce the corporate veil are as popular as ever. [read post]
14 Nov 2017, 2:21 pm
A new Maryland case deals with claims against a limited liability company that the plaintiff claimed was "registered as a limited liability corporation ('LLC'). [read post]
12 Aug 2010, 8:51 am
A party seeking to pierce the corporate veil bears the burden of establishing that the corporate form should be disregarded. [read post]
15 Jul 2020, 9:51 am
If you own a corporation or LLC, you may feel impervious to lawsuits or creditors who may seek your personal assets because you have the protection of the corporate veil. [read post]
13 Oct 2010, 8:41 am
Moreover, copyright infringement has joined a small cadre of causes of action that may sidestep (or “pierce the veil”) of a corporation or LLC (these other causes include: fraud, gross negligence, or criminal acts.) [read post]
20 Apr 2015, 9:17 am
” Tower Investors, LLC v. 111 East Chestnut Consultants, Inc., 371 Ill. [read post]
8 Apr 2008, 12:40 pm
As I touched on in previous posts, in North Carolina, the factors to consider in determining whether to pierce the corporate veil include: (1) inadequate capitalization; (2) non-compliance with corporate formalities; (3) complete domination and control of the corporation so that it has no independent identity; and (4) excessive fragmentation of a single enterprise into separate corporations. [read post]
8 Apr 2008, 7:40 pm
As I touched on in previous posts, in North Carolina, the factors to consider in determining whether to pierce the corporate veil include: (1) inadequate capitalization; (2) non-compliance with corporate formalities; (3) complete domination and control of the corporation so that it has no independent identity; and (4) excessive fragmentation of a single enterprise into separate corporations. [read post]
4 Feb 2012, 11:52 am
Idaho 2011) (citing language identical to section 489.304(2) and stating, “[a]lthough the factors considered in corporate veil piercing cases can be applied in the LLC context, those factors may apply with different weight. [read post]
27 Jul 2015, 8:23 am
Alternatively, a lawyer suing your business may try to “pierce the corporate veil” because you set up the LLC or corporation for fraudulent purposes. [read post]
22 Feb 2011, 7:01 am
But a corporation (S Corp., C corp. or LLC) is specifically designed to prevent that. [read post]
21 Oct 2009, 8:07 pm
As stated above, while an LLC is normally taxed as a partnership, an LLC may choose to be taxed as an s-corporation or as a c-corporation. [read post]
28 Jun 2021, 7:39 am
Manichaean Cap., LLC v. [read post]
10 Dec 2015, 10:11 am
They each owned a 50 percent share of an LLC they established in August of 2010. [read post]
3 Nov 2009, 5:46 am
Jebara Investments, LLC, in which the Court held that "[p]iercing the corporate veil alone is insufficient to establish mandatory jurisdiction. [read post]
