Lynda Laing, Esq. is a partner of Strauss Factor Laing and Lyons located in Providence RI. Ms. Laing graduated from Albion College in 1980 and Case Western Reserve Law School in 1983. She was admitted to practice in Michigan and Rhode Island and actively practices in the Rhode Island state courts and United States Bankruptcy Court for the State of Rhode Island. Lynda has practiced in the creditor rights area and has been names a Super Lawyer 3 times. She has given numerous lectures on the Fair Debt Collection Practices Act and How to Use Social Media to Locate People. She is married to Thomas Lyons, also a partner at Strauss Factor Laing and Lyons.
Collecting from LLCs: New Case Law
Re-Broadcast on May 17, 2018
CLE Credits earned: 2 GEN
Opportunities for collecting debt and judgments don't have to end with the business. Many debtors will use LLCs to veil their assets, but in certain situations courts will lift the liability protections and hold owners personally liable for business debts. This practical guide will provide you with the latest information and teach you how and when creditors can lift the veil to reach protected assets.
Key topics to be discussed:
• Limiting Personal Liability: Forming an LLC
• Piercing the LLC Veil Fundamentals
• Breaking Down the Alter Ego Theory
• How to Prove/Disprove That the LLC is a Façade/Alter Ego
• New Ways of Piercing the Corporate Veil including single member LLC
• Case Law for the Plaintiff and Defendant
• Recent Trends in LLC Veil Piercing
• Top Mistakes in Piercing the LLC Veil
• Collecting from an LLC That is No Longer in Business
• Best Practices for Limiting Potential LLC Veil Piercing
Date / Time: May 17, 2018
• 2:00 pm – 4:00 pm Eastern
• 1:00 pm – 3:00 pm Central
• 12:00 pm – 2:00 pm Mountain
• 11:00 am – 1:00 pm Pacific
Choose a format:
• Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
• On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.
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Section I. Limiting Personal Liability: Forming an LLC
Section II. Piercing the LLC Veil Fundamentals
Section III. Breaking Down the Alter Ego Theory
Section IV. How to Prove/Disprove That the LLC is a Façade/Alter Ego
a) Personal Guarantees
b) How to Prove/Disprove Mingling of Assets
c) How to Prove/Disprove Improper Formation
d) Additional Ways to Render the Liability Protection Unwarranted
Section V. New Ways of Piercing the Corporate Veil including single member LLC
Section VI. Case Law for the Plaintiff and Defendant
Section VII. Recent Trends in LLC Veil Piercing
Section VIII. Top Mistakes in Piercing the LLC Veil
Section IX. Collecting from an LLC That is No Longer in Business
Section X. Best Practices for Limiting Potential LLC Veil Piercing