Join attorneys Lane Kelman and Matthew Skaroff for their The Advisory Panel seminar to learn how developers can protect themselves from personal liability.
Corporate entities (including LLCs) are artificial “persons” that are separate and distinct from their individual owners. They can enter into contracts, employ workers, buy property, and be held liable for their actions. Because they are distinct “persons,” they insulate their owners from liability and provide a vehicle for doing business without unnecessary personal exposure. However, in Philadelphia, and in almost all jurisdictions throughout the country, courts permit plaintiffs in lawsuits to “pierce the corporate veil” in certain situations and pursue the owners of a company individually and personally.
Developers in Philadelphia need to be aware of these circumstances that allow plaintiffs to pierce the veil. In this seminar, Lane and Matt will explore the factors courts consider when making that analysis and what attorneys look for specifically when preparing a lawsuit. They will present a few case studies, including those they handled personally.