Available in:

OnDemand Course

Piercing the Corporate Veil Checklist: Avoid Mistakes and Exposure

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.

61 minutes
Course Exam
Certificate of Completion
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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

Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on December 21, 2021.

Call 1-866-352-9540 for further credit information.

  • AR CLE 1.0
     
  • This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
     
  • CA MCLE 1.0
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
     
  • NY CLE 1.0 including Areas of Professional Practice 1
     
  • This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.0 credit hours in the area(s) of Areas of Professional Practice for 1.00 hour. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Business Center, LLC. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
     
  • WA CLE 1.0
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.0 hours of A/V credit under the Law & Legal Procedure category.
     
The CLE Code is ONLY a requirement when applying for CLE Credit in New York. Other states do not need to supply the CLE Code to apply for CLE credit.

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Tod Northman

Tod Northman

Tucker Ellis LLP

  • Partner in the Cleveland office of Tucker Ellis LLP
  • Practice emphasizes all aspects of corporate counseling, particularly for complex international organizations and high-net-worth family offices
  • Conducts regular seminars and workshops on a broad range of subjects, from corporate governance to artificial intelligence
  • Author of several publications related to the areas of corporate governance, antitrust, transportation, and emerging technology
  • Membership information: Ohio, Oregon, and Washington state bars
  • J.D. degree, Case Western Reserve University School of Law; M.A. degree, New York University Graduate School of Arts and Science; B.A. degree, Portland State University
  • Can be contacted at [email protected], 216-696-5469, or @ClevelandDuck and @_Driverless
Sofia Skok

Sofia Skok

Tucker Ellis LLP

  • Associate in the Chicago office of Tucker Ellis LLP
  • Focuses on corporate law, finance, and real estate practices
  • Worked as a research assistant at Notre Dame for business law Professor Patrick Corrigan, assisting with research regarding his forthcoming paper in the Yale Journal on regulation, entitled “Footloose with Green Shoes: Can Underwriters Profit from IPO Underpricing?”
  • Graduated, cum laude, Notre Dame Law School
  • Can be contacted at [email protected] or 312-256-9430
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 409506
Published 2021
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!