LIVE REPLAY: Piercing the Entity Veil: Individual Liability for Business Acts
April 2014
LIVE REPLAY: Piercing the Entity Veil: Individual Liability for Business Acts
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Teleseminars are midday continuing legal education conferences broadcast over the telephone. From the convenience of your office or home, you are able to dial into an 800 number, and hear nationally recognized practice leaders speak on important issues in the law. You are also able to ask them your questions. Teleseminars marry the best of technology and education to bring the world of CLE to your office or home.
How to Register
There are 2 easy ways to register:
1. CALL us! (303) 860-0608, or toll free (888) 860-2531
2. Or REGISTER ONLINE NOW by using the corresponding course links above.
Program Description:
Business entities - corporations, LLCs - are not absolute shields against liability for their owners. An individual shareholder's or LLC member's assets can be reached in a surprisingly large number of circumstances to satisfy the claims of creditors, tort claimants, disgruntled shareholders and others. An entity's owners can be held individually liable for improper distributions, certain transfers made before a bankruptcy filing, and for a range of federal and state taxes - including for the failure to proper collect state and local sales taxes. This program will provide you with a guide to the circumstances when a veil can be pierced under statutory and common law, ways to defend against individual liability, and how to "cure" the circumstances giving rising to veil piercing.
- Statutory and common law principles for piercing the entity veil
- Fact patterns giving rise to corporate and LLC veil piercing
- Extent of individual liability after a veil has been pierced and "curing" veil piercing
- Liability for improper distributions in closely held companies
- Owner liability for withheld income taxes, employment taxes, and improper collection of sales/use taxes
- Piercing considerations when an entity files for bankruptcy
Faculty:
Allen Sparkman is a partner in the Denver and Houston offices of Sparkman Foote, LLP. He has practiced law for over thirty years in the areas of estate, tax, business, insurance, asset protection, and charitable giving. He has written and lectured extensively on choice-of-entity, charitable giving and estate planning topics. He is the Colorado reporter for the books "State Limited Partnership Laws" and "State Limited Liability Company Laws," both published by Aspen Law & Business. He has also served as president of the Rocky Mountain Estate Planning Council. Mr. Sparkman received his A.B. with honors from Princeton University and his J.D. with high honors from the University of Texas School of Law.
Registration Fees
| Non Member | $109.00 |
| CBA | $89.00 |
- General Credits: 1.00
- Ethics Credits: 0.00
- EDI Credits:
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