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November 1, 2013Judith Elkin
Lifting the Veil and Finding the Pot of Gold: Piercing the Corporate Veil and Substantive Consolidation In the United States
You are sitting at your desk eating lunch when the phone rings. It is a friend of yours whois a corporate partner at another law firm. She has been representing a large real estatedeveloper for years. Her main client contact has always been the flamboyant majority owner ofthe enterprise, Joe Castle. His empire is crumbling. The real estate market has softenedsignificantly, and his bondholder creditors have just discovered that there is significantly moredebt owed than had allegedly been disclosed to them. She wants your help in defending againstpotential litigation.
March 7, 2014Elizabeth S. Miller
Governing Persons and Owners in Action: Liability Protection and Piercing the Veil of Texas Business Entities
Sole proprietors and partners in a traditional general partnership enjoy no protection from the debts and liabilities of the business. The various business entities that provide some type of liability protection do so under slightly varying approaches. These variations are discussed in the paper.
May 28, 2011Elizabeth S. Miller
Owner Liability Protection and Piercing the Veil of Texas Business Entities
Sole proprietors and partners in a traditional general partnership enjoy no protection from the debts and liabilities of the business. The various business entities that provide some type of liability protection1 do so under slightly varying approaches. These variations are discussed below. The concept of “piercing the corporate veil” is fairly well-developed; piercing in the context of alternative entities is not as well-developed. The law in this regard is also discussed below.
May 28, 2010Elizabeth S. Miller
Owner Liability Protection and Piercing the Veil of Texas Business Entities
Sole proprietors and partners in a traditional general partnership enjoy no protection from the debts and liabilities of the business. The various business entities that provide some type of liability protection 1 do so under slightly varying approaches. These variations are discussed below. The concept of “piercing the corporate veil” is fairly well-developed; piercing in the context of alternative entities is not as well-developed. The law in this regard is also discussed below.
May 22, 2009Elizabeth S. Miller
Owner Liability Protection and Piercing the Veil and Texas Business Entities
Sole proprietors and partners in a traditional general partnership enjoy no protection from the debts and liabilities of the business. The various business entities that provide some type of liability protection do so under slightly varying approaches. These variations are discussed below. The concept of “piercing the corporate veil” is fairly well-developed; piercing in the context of alternative entities is not as well-developed. The law in this regard is also discussed below.