Piercing the LLC Veil: Avoiding Member Liability for Business Debts
Protecting the Limited Liability Benefits of LLCs Amid Evolving State Law
Recording of a 90-minute CLE video webinar with Q&A
This CLE course will discuss the latest legal trends across several states regarding piercing the LLC veil, reverse piercing the LLC veil, and outline best practices for LLCs and LLC members to avoid personal liability for business debts and for LLCs to avoid becoming liable for a member’s obligations.
Outline
- Veil piercing of LLCs--what is it and is it applicable today?
- How to best present the concept to your clients
- Single member LLC veil piercing
- Reverse veil piercing
- Latest trends in LLC veil piercing
- Factors courts consider in piercing the LLC veil
Benefits
The panel will review these and other key issues:
- What are the latest legal trends in LLC veil-piercing cases?
- What factors do courts consider in applying the piercing the corporate veil doctrine and the reverse veil piercing doctrine to LLCs?
- What are some best practices for LLCs to avoid or defend veil-piercing claims and reverse veil piercing claims?
Faculty
Tod Northman
Partner
Tucker Ellis
Mr. Northman has 30 years of diverse business and corporate law experience in corporate structuring, commercial law,... | Read More
Mr. Northman has 30 years of diverse business and corporate law experience in corporate structuring, commercial law, business transactions, emerging technology, contract negotiation and dispute resolution, mergers and acquisitions, and real estate. With a skillful combination of negotiations and corporate counseling, he helps guide clients through difficult situations with pragmatic advice and a can-do attitude. Mr. Northman represents publicly traded and privately held companies in diverse industries across the country and has particular expertise in the aviation and autonomous vehicles industries. In his aviation practice, he represents cargo conversion companies, maintenance and repair organizations, financial institutions, family offices, high-net worth individuals, and middle-market businesses in connection with the acquisition and disposition of corporate and commercial aircraft portfolios and the related financing and/or leasing thereof. Mr. Northman also advises clients on conversion contracts, maintenance, service and supply contracts, leases, and FAA and DOT regulatory matters. In his autonomous vehicles practice, he focuses on advising businesses on acquisitions, contract negotiation, corporate structure, artificial intelligence technology, and regulatory compliance.
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Brandon M. Schwartz
Attorney
Schwartz Law Firm
Mr. Schwartz is a trial attorney at Schwartz Law Firm. He focuses his practice primarily on business law and... | Read More
Mr. Schwartz is a trial attorney at Schwartz Law Firm. He focuses his practice primarily on business law and business litigation involving such matters as shareholder disputes, derivative actions, intellectual property litigation, non-competes and liquidated damage litigation, contract creation and litigation, company formation, family law for business owners, and personal injury for clients throughout Minnesota, Iowa, Wisconsin, Arizona and Massachusetts. Mr. Schwartz is a Board Certified Civil Specialists by the Minnesota State Bar Association, a Board Certified Civil Trial Advocate and Family Trial Law Advocate by the National Board of Trial Advocacy.
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