(Webcast) Single Member LLCs — Piercing the Corporate Veil

Tuesday, June 15, 2021 | 12:00 pm – 1:00 pm

• Description
• Agenda
• CLE Credit
• Sponsors

• The first segment of this program will include a review of the material provisions in the New York LLC Law that relate to a member’s potential liability, focusing on single member LLCs. This first segment will also cover the potential personal liability of a sole practitioner as the single member of a professional service LLC practicing law in New York.

  The second segment of this program will explore the potential application of the “piercing the corporate veil” doctrine to single member LLCs under New York law, including the factors that may lead to such piercing, as well as related topics such as parent/subsidiary arrangements and tort vs. breach of contract liability.

  Program Fee:
  $99 for Members | $199 for Nonmembers
  Small Law Firm: $79 for Members

  Members who are Law Students, Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2019-2021), In-House/Corporate Counsel, Judges, and attorney members who practice within the Government, Academic or Not-for-Profit sectors attend this program for free.

• 12:00 pm – 12:05 pm
  Overview

  12:05 pm – 12:10 pm
  General Rules: New York LLC Law §§ 609(a) & 610

  12:10 pm – 12:20 pm
  Certain Statutory Exceptions

  12:20 pm – 12:25 pm
  Exception for Professional Services: New York LLC Law § 1205(a)

  12:25 pm – 12:30 pm
  Common Law Overview

  12:30 pm – 12:35 pm
  New York Case Law: Complete Dominion and Fraud/Injustice

  12:35 pm – 12:40 pm
  Parent/Subsidiary Risks

  12:40 – 12:50 pm
  Breach of Contract Risks vs. Tort Liability Risks

  12:50 pm – 1:00 pm
  Q&A

• New York: 1.0 Professional Practice
  New Jersey: 1.2 General
  California: 1.0 General
  Pennsylvania: 1.0 General
  Connecticut: Available to Licensed Attorneys

• Sponsoring Association Committee:
  Small Law Firms, Anne Wolfson, Chair

  Co-Sponsoring Organization:
  Small Law Firm Center

  Sponsorship Opportunities are Available! Please Contact:
  Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org