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Piercing the LLC Veil

Limited Liability Companies (LLCs) are used by business people and businesses to, among other things, shield their unrelated assets from liability.The veil separating the LLC and its members describes the separation of an LLC from its owners and their assets. In limited circumstances, courts will pierce the LLC's veil, and hold its members liable for the obligations of the LLC. Courts have traditionally been loose with terminology surrounding analysis of veil piercing claims. This topic will isolate the essential factors and considerations that courts have considered important enough to merit application of the extraordinary remedy of veil piercing in the context of piercing the entity veil of LLCs. The analysis provided will assist transactional lawyers and members of LLCs protect their LLCs from veil piercing claims, and will assist litigators in identifying when veil piercing claims are appropriate.
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Why Lorman?

Over 33 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 Corporate Veil Generally
  • General Principles
  • Policy Reasons for and Against
  • Examples (Short Summaries) and Variations (Short Explanation)
Piercing as Applied to LLCs
  • Particularities/Idiosyncrasies of LLC Piercing
  • State Variations
  • Policy Reasons for and Against
  • Examples (Extended Review of Paradigmatic Cases) and Forms of LLC Piercing
  • Reverse and Sideways Veil Piercing
Practical Lessons From LLC Piercing
  • How to Protect One's LLC From Being Pierced
  • How to Pierce Another's LLC
  • Considerations in Selecting an LLC as Opposed to a Different Entity in Terms of Minimizing Risk of Piercing
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Why Lorman?

Over 33 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

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY CLE 1.5 including Areas of Professional Practice 1.5
     
  • VT CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

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

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY CLE 1.5 including Areas of Professional Practice 1.5
     
  • VT CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

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

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More Program Information

Why Lorman?

Over 33 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 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 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
Emmanuel Sanders

Emmanuel Sanders

Tucker Ellis LLP

  • Attorney with Tucker Ellis LLP
  • Practice focuses on general business, insurance and product liability litigation, including pharmaceutical and medical device actions
  • Works with a diverse array of clients across a wide selection of industries
  • Experience with various aspects of litigation, including discovery, motion practice, and trial preparation
  • Previously served as a law clerk to Justice Neal Hendel of the Supreme Court of Israel
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Why Lorman?

Over 33 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.

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Product ID: 405439
Published 2020
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