Piercing the Corporate Veil: The Pursuit and Defense of Shareholders' Individual Assets (Online Seminar)

MCLE Credits: 2.0
Ethics Credits Included: 0.0

MCLE Credit: 2.0 (Ethics: 0.0)
Live-Interactive Credit: 0.0
Price: $149 (Includes a downloadable audio version.)
Viewable Through: 05/31/2021


A pre-recorded streaming video replay from the May 2018 webcast, Piercing the Corporate Veil: The Pursuit and Defense of Shareholders' Individual Assets.

Course Benefits

  • Understand the law limiting the liabilities of corporate shareholders
  • Learn the tests used by Virginia courts to permit or resist piercing
  • Explore emerging theories of piercing that might be applicable to future cases

One of the great benefits of organizing a business entity as a corporation or LLC is that the corporation is solely responsible for any debts; shareholders or members are liable only to the extent of their investment. There are times, however, when a creditor seeks more than the corporation’s assets, and attempts to reach the shareholder’s personal assets, “piercing the veil” offered by the corporate structure. Under what circumstances can the shareholders be held liable? How can shareholders resist piercing of the veil?

Our experienced speakers will address this complex issue from both the plaintiff’s and the defendant’s point of view, highlighting the issues at stake and sharing practical tips to assist your representation of your client’s interests. Among the issues they will address are:

  • How strong is the presumption of the corporate veil?
  • What can a corporation do, or fail to do, that makes piercing of the veil more or less likely?
  • What is the corporation’s interest in a suit seeking to pierce the veil?
  • What is the “alter ego” theory, and how can it be used, or resisted?
  • Does the nature of the plaintiff (i.e., IRS or individual or corporation) matter?
  • Does the type of court (i.e., normal civil court or bankruptcy court) matter?
  • Are there novel theories of veil piercing that may migrate to Virginia?




Jonathan T. Blank, McGuireWoods LLP / Charlottesville
Michael J. Finney, Gentry Locke Rakes & Moore LLP / Roanoke
Alicha Grubb, Gentry Locke Rakes & Moore LLP / Roanoke

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