Monthly Archives: October 2010

The ERISA Dragon May Tear Away Your Veil

Be very afraid.  Danger lurks yonder.  If your company has an ERISA plan—and most do—make sure your corporate veil is intact. The Employee Retirement Income Security Act (ERISA) is a federal law that sets minimum standards for pension and health … Continue reading

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Piercing the “LLC Veil”

The ‘limited liability company’, like the corporation, is a creature of state law.  The first states to adopt the LLC as a form of business organization did so less than 20 years ago.  Other states followed after the American Bar … Continue reading

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Board Portals (from The Corporate Board)

Board Portals

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Personal Liability of Directors of U.K. Companies

It is interesting to compare the risk of personal liability for directors of U.K. companies against the risk for directors of U.S. companies.  In the U.S., personal liability can exist for directors when they cause financial harm to the corporation, … Continue reading

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“Doing Business” in a State?

The question of whether a corporation is “doing business” in a particular state is very difficult to answer because it depends on all the facts of a specific situation, the laws and court decisions of the state in question, and … Continue reading

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Piercing the Corporate Veil in Minnesota

Here is a link to an informative post by Attorney Jack P. Roberts at his Minnesota Business & Real Estate Law Blog: Piercing the Corporate Veil in Minnesota

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NYSE Commission Report on Corporate Governance

On September 1, 2009, the New York Stock Exchange announced that it would form a Commission on Corporate Governance to address U.S. corporate governance and the proxy process.  In creating the Commission the NYSE sought to include a diverse group … Continue reading

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