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We're presuming lawful activity...

Posted by Ward-CA- on June 13, 2003 at 11:32 AM

In Reply to: Re: Here's how we handle it.. posted by JamieM-CA on June 13, 2003 at 10:03 AM

: Hi Ward,

: About "piercing the veil" on an LLC, what about fraud by a member of an LLC? Wouldn't the injured party be able to go through the LLC to hold that member liable, the same as with a S-Corp?

: As always, thanks for your great board and your input.

: JamieM
=•=•=•=•=•=•=•=•=•=•=

Jamie,

My basic assumption when answering all the various and sundry posts is that we’re operating legally and morally, not illegally. So sure, when fraud is present a different result might occur.



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