Collecting from LLCs: New Case Law, Strategies and Requirements

$179.00

Opportunities for collecting debt and judgments don’t have to end with the business. Many debtors will use LLCs to veil their assets, but in certain situations, courts will lift the liability protections and hold owners personally liable for business debts. This practical guide will provide you with the latest information and teach you how and when creditors can lift the veil to reach protected assets.

Want a discount? Become a member by purchasing LawPracticeCLE Unlimited or LawPracticeCLE Unlimited- MLK Day 2021 Special!

Event Details

Webinar Date

Webinar Time

Course Type

Original Date Of Course

Course Instructor

Lynda Laing, Esq.

General Credits

2

Course Description

Opportunities for collecting debt and judgments don’t have to end with the business. Many debtors will use LLCs to veil their assets, but in certain situations courts will lift the liability protections and hold owners personally liable for business debts. This practical guide will provide you with the latest information and teach you how and when creditors can lift the veil to reach protected assets.

Principles

  • Single Member? Multi Member?
  • Recent Trends in LLC Veil Piercing
  • Limiting Personal Liability: Forming an LLC
  • Piercing the LLC Veil Fundamentals
  • Breaking Down the Alter Ego Theory
  • How to Prove/Disprove That the LLC is a Façade/Alter Ego
  • New Ways of Piercing the Corporate Veil
  • Case Law for the Plaintiff
  • Case Law for the Defendant
  • Top Mistakes in Piercing the LLC Veil
  • Collecting from an LLC That is No Longer in Business
  • Best Practices for Limiting Potential LLC Veil Piercing

Syllabus

  1. Single Member? Multi Member?
  2. IRecent Trends in LLC Veil Piercing
  3. Limiting Personal Liability: Forming an LLC
  4. Piercing the LLC Veil Fundamentals
  5. Breaking Down the Alter Ego Theory
  6. How to Prove/Disprove That the LLC is a Façade/Alter Ego
    1. Personal Guarantees
    2. How to Prove/Disprove Mingling of Assets
    3. How to Prove/Disprove Improper Formation
    4. Additional Ways to Render the Liability Protection Unwarranted
  7. New Ways of Piercing the Corporate Veil
  8. Case Law for the Plaintiff
  9. Case Law for the Defendant
  10. Top Mistakes in Piercing the LLC Veil
  11. Collecting from an LLC That is No Longer in Business
  12. Best Practices for Limiting Potential LLC Veil Piercing

Instructor

Lynda Laing, Esq.

You may also like…