Commercial Litigation
Piercing the corporate veil: What does it mean in real estate disputes?
On Behalf of Marcus, Gould & Sussman, LLP | Oct 8, 2024 | Commercial Litigation, Commercial Real Estate |
Piercing the corporate veil occurs when a court removes a corporation or LLC’s protection from liability and holds its owners or shareholders personally responsible for the company’s debts or wrongs. Courts typically do this when individuals misuse the company structure to commit fraud, avoid legal duties or do other wrongful acts.
However, this legal action is rare and only happens in exceptional circumstances.
