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Advising the Small Business: Forms for Organizing or Cleaning Up an LLC
Although most believe that the LLC provides protection from personal liability, it can be easily separated as a separate entity for tax purposes and for liability as well. This protection no longer exists if corporate standards are applied by the court--thus clearing the way to pierce the veil. Learn about the contributing factors that courts typically consider when trying to pierce or properly preserve the LLC veil.
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Single Member SMLLCs benefit the sole proprietor by protecting the individual from liability for the debts of the company and facilitating a management structure that fits the proprietor's needs and business practices, while avoiding the added tax complexity which ordinarily accompanies "separate entity" status. However, preserving the LLC "veil" requires careful attention to structuring a flexible operation.
Please join our faculty as they discuss:
*Panelists appear as individuals and not as representatives of SSA*
Daniel S. Kleinberger, Elizabeth Seyle Fenton, Thomas Rutledge
Business Law Section, Solo, Small Firm and General Practice Division, Tort Trial and Insurance Practice Section
CE1803PSMOLC
90
3/20/2018 12:00:00 AM
Publications | Article Chapter
Advising the Small Business: Forms for Organizing or Cleaning Up an LLC
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