The Myth of Corporate Veil Protection: Are Your Assets at Risk? If you have incorporated—that is, formed a business entity such as a corporation, limited liability company, or limited partnership—you may be suffering some unknown risks. Whether you incorporated for your primary business or as part of an estate planning/asset protection strategy, with the belief that your corporate entities are providing you with personal liability protection, you may be at great financial peril. Contrary to popular belief, these types of businesses may do nothing to protect your personal assets. It all depends on your actions since you incorporated.

Be aware: piercing the corporate veil is the most litigated issue in corporate law. In every veil-piercing case, a plaintiff seeks to acquire business assets because of a complaint with the owner’s personal conduct, or the owner’s personal assets because of an issue with their business conduct. If a business owner is sued, there is a greater chance of having to prove the validity of the owner’s corporate veil than any other issue. The really bad news is that, statistically, more than 50% of the time, business owners lose and are personally liable.

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• The fiction of corporate protection
• Rules a business owner MUST follow
• Actions a business owner MUST avoid
• How great your risk really is
• And much more

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