One of the things it seems we all get in the mail from time to time is a notice of the settlement of a class action case that somehow we are a part of. If we send in some information we can participate in the settlement. Otherwise, we can’t. At the beginning of the year...
In the world of corporate law, there may be no more important concept than the corporate shield and limited personal liability. The concept is very simple. Generally speaking, if you are a shareholder of a corporation (or a member of a limited liability company), you are personally protected against any claims against the business. The...
Many lawyers tend to think of ‘corporate separateness’ as a line dividing the business owner and the business itself. In this context, creditors of the business may reach assets of the business, but not the owner. However, owners may have creditors too. In this context, personal creditors of the owners may attempt to reach the...