Forbes has published an article, “Temporal Issues In Alter Ego Analysis”, which discusses how the alter ego doctrine operate to impose liability. The article begins as follows:
For those unfamiliar with the topic, the doctrine of alter ego is a means by which a court may look past the legal separateness of an entity to impose liability against its owner, or vice-versa (the latter is known as “reverse veil piercing”). For example, if Mr. Able uses his Beta Company to commit a fraud against investors, and Mr. Able takes all the money from investors leaving Beta Company unable to pay its liabilities, the alter ego doctrine would operate to impose liability on Mr. Able.
Click here to see full article: “Temporal Issues In Alter Ego Analysis.”
Posted by Bella Hoang, Managing Associate Editor, Wealth Strategies Journal.