Pierce the Veil—It’s not just an emo-rock band touring with Blink 182 this year. It’s a legal term of art that describes an equitable remedy used to bypass the corporate structure and hold business owners personally liable.
Pitfalls for Minority Shareholders
Becoming a minority owner of an LLC or corporation (an owner of less than 50% of the business) is obviously a declaration of faith in the majority owner’s business savvy. It is also a declaration of faith in the majority owner’s good will, because control of a majority interest gives...
LLC Buyout Litigation Basics
Ideally, buyers of a limited liability company will sign a written agreement that describes what they own and how the LLC will be run – and they will follow the rules they made in their agreement.