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Posted On: 02/15/2024 7:25:43 AM
Post# of 148870
Yes! Nicely done, Ohm.
One law firm writes,
"An LLC won't protect a member who commits a wrongful act or is negligent in a way that results in harm to another person, such as fraud or assault."
Another law firm website states:
One law firm writes,
"An LLC won't protect a member who commits a wrongful act or is negligent in a way that results in harm to another person, such as fraud or assault."
Another law firm website states:
Quote:
"PIERCING THE CORPORATE VEIL
On rare occasions, a court will pierce the corporate vail to impose liability for an LLC’s debt and obligations on its members.
It could happen if the LLC engages in reckless conduct, fraud or was inadequately capitalized from the beginning."
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