Biz Brief: Recent Case Affirms the Importance of Corporate Formalities for LLCs
An Ohio appellate court recently held in Denny v. Breawick, L.L.C., 2019-Ohio-2066, that the doctrine of piercing the corporate veil applied, and found the sole member of two limited liability companies was personally liable for a judgment. This case, although not binding in our Circuit, is a reminder of the importance for maintaining corporate formalities.
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