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Course Description

State corporation statutes mandate that companies follow a host of formalities, such as keeping minutes of director and shareholder meetings. These formalities impose a certain administrative burden on the company and can seem like overkill. Yet these detailed rules and procedures serve a fundamental purpose: They provide a system of checks and balances, ensuring that the business’s owners are not able to use the corporate vehicle to pursue their own individual interests. If certain formalities are not followed, there’s an understanding under the law that a judge or shareholders can look past the corporate liability shield and find individual owners responsible for company decisions. In this lesson, you will identify key risk factors that indicate that the corporate liability shield is vulnerable to being pierced. You will also explore the meaning of veil piercing and the principle behind the veil piercing doctrine.

Benefits to the Learner

  • Identify key risk factors that indicate that the corporate liability shield is vulnerable
  • Explore the meaning of veil piercing
  • Discover the principle behind the veil piercing doctrine
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Type
self-paced (non-instructor led)
Dates
Jun 11, 2022 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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