Learn How to Avoid Common Pitfalls That Can Lead to LLC Veil Piercing and Protect Yourself from Personal Liability
Many business owners choose the limited liability company structure in order to insulate themselves from liability - only to later find themselves personally on the hook. While forming your company as an LLC does offer liability protection, the ‘veil’ of protection can be ‘pierced’ under certain circumstances.
This presentation will help business owners avoid common pitfalls that can lead to veil piercing. The live webinar explains situations in which courts have found it proper to pierce the corporate veil in the LLC context, and how to conduct your business in order to prevent the types of practices that leave business owners exposed to personal liability. This workshop is critical for business owners so they can ensure they enjoy the full benefits of an LLC structure.
Learning Objectives
- You will be able to define reverse veil piercing.
- You will be able to describe the difference between corporate and LLC veil piercing theory.
- You will be able to discuss best practices to avoid facing veil piercing claims.
- You will be able to recognize signs of inappropriate LLC governance.
Credits
- Live Webinar
- AK CLE 1.0
- AL CLE 1.1
- AR CLE 1.0
- Arizona CLE 1.0
- CA MCLE 1.0
- CT CLE 1.0
- HI CLE 1.0
- IL CLE 1.0
- IN CLE 1.1
- MN CLE 1.0 (Pending)
- MO CLE 1.3
- NH MCLE 1.0
- NJ CLE 1.3
- NM CLE 1.0
- NV CLE 1.0
- NY CLE 1.0 including Areas of Professional Practice 1
- OH CLE 1.25 (Pending)
- PA CLE 1.0
- RI CLE 1.0
- VT CLE 1.0
- WI CLE 1.0
- WV MCLE 1.3
- CPE 1.2 including Business Law 1.2
- Recorded Webinar
- CA MCLE 1.0
Agenda
Introduction to Veil Piercing
- History
- Rationale for Veil Piercing
- Legal Standards
- Current Trends
Corporate Veil Piercing Versus LLC Veil Piercing
- Similarities
- Differences
- Statutory Analysis of LLC Acts
- Explanation for Differences
Analyzing Veil Piercing Claims
- Factors Supporting Claims
- Factors Defeating Claims
- Agency Liability Versus Enterprise Liability Claims
Reverse Veil Piercing
- Exploration of Theory for Reverse Veil Piercing
- Fact Patterns of Successful Claims
- Fact Patterns of Unsuccessful Claims
Pulling It Together
- Best Practices
- Questions
Speakers
Ms Kristin Volk,
Associate ,
Tucker Ellis LLP- Associate in the Cleveland office of Tucker Ellis LLP
- Practice emphasizes business litigation, corporate formation, and regulatory compliance
- Former broadcast journalist who worked for various news companies in Washington, D.C., New York, and Cleveland
- Former marketing director for a Cleveland-based, mid-size law firm
- Member of Ohio State Bar
- J.D. Degree, University of Toledo College of Law (member of the Order of the Coif honorary society); M.B.A. Degree, University of Toledo; M.S. Degree in journalism, Northwestern University; B.A. degree in communication, Denison University
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 tod.northman@tuckerellis.com, 216-696-5469 or @ClevelandDuck and @_Driverless
Who Should Attend
This live webinar is designed for attorneys, presidents, vice presidents, accountants, CPAs, controllers, accounting managers, CFOs, directors, business owners and managers, finance directors, and estate and financial planners.
