Tag: Veil

Preventing “Piercing of The Veil” – Practical Tips For Food Companies – What to Do and What to Avoid (part III of III)

By guest blogger Jerry Chiang The following list will help you preserve your liability shield and protect yourself from the liabilities of your corporation or limited liability company (“LLC”). This is not intended to be an exhaustive list but rather an illustrative list of activities that will either preserve one’s liability shield or undermine it. … Continue Reading

Preventing “Piercing of The Veil” – Practical Tips For Food Companies – Factors Courts Review for Veil Piercing (part II of III)

By guest blogger Jerry Chiang When courts decide whether to pierce the corporate veil, their analysis is typically a three-step process: (1) whether the defendant-owner exerts sufficient control over the business entity, (2) whether there has been an abuse of corporate form, and (3) whether there is an injury to a third party. There is … Continue Reading
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