Welcome back to the Law School Toolbox podcast! Today, we have another episode in our “Listen and Learn” series, where we review a substantive area of the law and apply that law to fact patterns. This time we’re looking at piercing the corporate veil, which is a commonly-tested issue in Corporations and LLC essays.
In this episode we discuss:
- What exactly is the corporate veil?
- The four situations in which a court will pierce the corporate veil and hold the shareholders personally liable
- What does it mean for a corporation to act as its shareholders’ alter ego?
- Analyzing a hypo from the February 2017 California bar exam
- Other issues that are often tested together with piercing the corporate veil
- The difference between piercing corporate and LLC veils
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Resources:
- “Listen and Learn” series
- California Bar Examination – Essay Questions and Selected Answers, February 2017
- Examples & Explanations: Corporations, by Alan R. Palmiter
- Podcast Episode 272: Listen and Learn – The Statute of Frauds (Contract Law)
- Corporations 101 – A Quick Look at Upperclassmen Courses
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