May 5, 2008
Corporations and limited-liability structures exist to protect the individuals who own, run and invest in those businesses from personal liability. But in some instances, courts may hold the individuals behind the corporation legally liable for the corporation’s actions or debts.
Leonard, Street and Deinard shareholder David Ezrilov and former firm attorney Catherine McEnroe discuss how Minnesota courts determine whether individuals can be held responsible for a business’s actions and how businesses of all sizes can protect themselves from claims to pierce their corporate veils.