Piercing the Corporate Veil by Attorney Steve®
http://www.VondranLegal.com [over 695 videos and growing]. Subscribe for new videos: https://bit.ly/38vXDzk
YES, YOU CAN SHARE OUR VIDEOS ON YOUR SOCIAL MEDIA NETWORKS! Please link back to VondranLegal.com.
In this exciting episode of Litigation Whiteboard®, Attorney Steve® discusses typical grounds for PIERCING THE CORPORATE VEIL. When you start a valid corporation or LLC (perhaps even a partnership, depending on your state laws), a "corporate veil" attaches with protects the owners from PERSONAL LIABILITY (meaning an aggrieved Plaintiff cannot sue the owner of the company personally because of the existence of the "corporate veil."
However, there are times when the corporate veil can be "pierced" under the law. Here are a few of the grounds mentioned in the video (check your state laws for more information).
1. Inadequate financing or capitalization
2. Failure to follow corporate formalities (ex. failing to hold meetings, pay dividends, follow your own corporate bylaws, etc .)
3. Corporation formed for the purpose of perpetrating fraud (sham corporations)
4. Treating the corporation as your "alter ego" (commingling funds, etc.)
5. Fairness and equity require piercing the corporate veil to avoid a gross miscarriage of justice (for example, elder abuse cases)
6. Willful copyright infringement (for example, using unlicensed software, downloading and sharing videos without permission, or infringing on another's copyrights for personal financial gain).
These are some of the main points discussed. If you like these FREE VIDEOS - how about a THUMBS UP - I am working hard over here!! ; )
Make sure to SUBSCRIBE!! I have many great legal videos planned for 2021.
- Steve Vondran, Esq.-
-
LIVE
Senator Ron Johnson
22 hours agoAmerican Health & Nutrition: A Second Opinion
2,599 watching -
DVR
Nerdrotic
3 hours agoDisney Star Wars Rey DELAYED | Thunderbolts Trailer RELEASED - Nerdrotic Nooner 430
6.55K10 -
LIVE
The Kevin Trudeau Show
4 hours agoThe Kevin Trudeau Show | Ep. 50 LIVE at 1 PM CT
610 watching -
16:10
Josh Pate's College Football Show
1 hour agoTennessee Beats Oklahoma - Josh Pate Rapid Reaction
2 -
1:27:51
Russell Brand
3 hours agoCAUGHT: Covid Czar ADMITS To SEX ORGIES While MANDATING Vaccines & Lockdowns – SF458
99.3K126 -
1:01:35
Grant Stinchfield
2 hours agoKamala is a Wolf. Arresting Mother's with Sick Daughters!
4.06K6 -
1:57:54
The Charlie Kirk Show
2 hours agoKamala's Gambit: Flip North Carolina + Counting the Votes Correctly | Bowyer, Eyre, Bevan, Robbins
39K30 -
13:38
The Tulsi Gabbard Show
1 hour agoWhy We Left The Democrat Party, and Why You Should Too
4.89K7 -
14:42
Neil McCoy-Ward
1 hour ago🚨 A Devastating Weekend of Absolute CARNAGE (Severe Escalations As Leaders Call For CALM)
2.45K3 -
58:19
The Dan Bongino Show
6 hours agoIs It Going To Happen Again? (Ep. 2334) - 09/23/2024
578K1.93K