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Piercing the Corporate Veil Checklist - Avoid Mistakes and Exposure

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.

Learning Objectives

  • You will be able to identify the principles behind Piercing the Corporate Veil theory.
  • You will be able to recognize the prudent steps to reduce liability to a corporation.
  • You will be able to differentiate between the various Theories of Liability regarding piercing the corporate veil.
  • You will be able to identify significant court cases and their impact on Piercing the Corporate Veil.

90 minutes
Course Exam
Certificate of Completion
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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

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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

This course was last reviewed on December 7, 2023.

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

  • CPE/NASBA - QAS Self Study 2.2 including Business Law 2.2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Business Law for 2.2 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     
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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
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 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.

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All of your training, right here at Lorman.

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Product ID: 406478
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