subject
Business, 26.03.2020 21:48 niharikam242

In 2014, the appellate court of Massachusetts elected to pierce the veil of single owner limited liability company whose business function was to manage rental properties. In the case of Kosanovich v. 80 Worcester Street Associates, LLC, the court held because of the way in which Defendant conducted his business, piercing the corporate veil was warranted allowing Plaintiff to recover and collect against the individual owner despite the protections traditionally afforded to LLC owners. In Kosanovich and other cases, courts have recognized certain circumstances in which the 'veil' or protection surrounding a business organization must be pierced to allow an injured party to recover against members and/or shareholders. Using the internet, locate a case in which the a court allowed a creditor to pierce the corporate veil of an LLC, corporation or other entity with limited liability. Indicate the facts and circumstances upon which the court justified its decision to pierce the veil and attach liability to the business owner's individual assets. Finally, identify steps the business owner should have taken to prevent personal liability from attaching.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 03:00, nyahdrake
You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:
Answers: 1
image
Business, 22.06.2019 05:00, july00
Ajewelry direct sales company pays its consultants based on recruiting new members. question 1 options: the company is running a pyramid scheme, which is illegal. the company is running a pyramid scheme, which is legal. the company has implemented a legal and ethical plan for growth. the company uses this method of compensation to reduce the fee for the product sample kit.
Answers: 3
image
Business, 22.06.2019 09:30, linnybear300
Any point on a country's production possibilities frontier represents a combination of two goods that an economy:
Answers: 3
image
Business, 22.06.2019 19:20, kristen17diaz
Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.
Answers: 1
You know the right answer?
In 2014, the appellate court of Massachusetts elected to pierce the veil of single owner limited lia...

Questions in other subjects:

Konu
Mathematics, 09.03.2020 01:14
Konu
Mathematics, 09.03.2020 01:15