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These telephone seminars are presented by national speakers who are experts in their areas of practice often ABA Section chairs, authors of books in their areas of practice, and heads of practice groups.
Business entities - corporations, LLCs - are not absolute shields against liability for their owners. An individual shareholder's or LLC member's assets can be reached in a surprisingly large number of circumstances to satisfy the claims of creditors, tort claimants, disgruntled shareholders and others. An entity's owners can be held individually liable for improper distributions, certain transfers made before a bankruptcy filing, and for a range of federal and state taxes - including for the failure to proper collect state and local sales taxes. This program will provide you with a guide to the circumstances when a veil can be pierced under statutory and common law, ways to defend against individual liability, and how to "cure" the circumstances giving rising to veil piercing.
- Statutory and common law principles for piercing the entity veil
- Fact patterns giving rise to corporate and LLC veil piercing
- Extent of individual liability after a veil has been pierced and "curing" veil piercing
- Liability for improper distributions in closely held companies
- Owner liability for withheld income taxes, employment taxes, and improper collection of sales/use taxes
- Piercing considerations when an entity files for bankruptcy
Allen Sparkman, Sparkman Foote, LLP Denver and Houston
Once registered you will receive from the MSBA an email containing the toll-free telephone number to call on the day of the seminar. You will also receive a pdf containing the materials for the program to print. This email will be sent to you the day before the program date.