Feb 8, 2021
Welcome back to the Law School Toolbox podcast! Today, we have another episode in our "Listen and Learn" series, where we review a substantive area of the law and apply that law to fact patterns. This time we're looking at piercing the corporate veil, which is a commonly-tested issue in Corporations and LLC essays.
In this episode we discuss:
- What exactly is the corporate veil?
- The four situations in which a court will pierce the corporate veil and hold the shareholders personally liable
- What does it mean for a corporation to act as its shareholders' alter ego?
- Analyzing a hypo from the February 2017 California bar exam
- Other issues that are often tested together with piercing the corporate veil
- The difference between piercing corporate and LLC veils
Resources:
- “Listen and Learn” series (https://lawschooltoolbox.com/law-school-toolbox-podcast-substantive-law-topics/#listen-learn)
- California Bar Examination – Essay Questions and Selected Answers, February 2017 (https://www.calbar.ca.gov/Portals/0/documents/admissions/Examinations/CBXFeb2017_Selected_EssayQuestions1-6_R.pdf)
- Examples & Explanations: Corporations, by Alan R. Palmiter (https://www.amazon.com/Corporations-Examples-Explanations-Alan-Palmiter/dp/1454802472)
- Podcast Episode 272: Listen and Learn – The Statute of Frauds (Contract Law) (https://lawschooltoolbox.com/podcast-episode-272-listen-and-learn-the-statute-of-frauds-contract-law/)
- Corporations 101 – A Quick Look at Upperclassmen Courses (https://lawschooltoolbox.com/corporations-101-a-quick-look-at-upperclassmen-courses/)
Download the Transcript
(https://lawschooltoolbox.com/episode-280-listen-and-learn-piercing-the-corporate-veil/)
If you enjoy the podcast, we'd love a nice review and/or rating on Apple Podcasts (https://itunes.apple.com/us/podcast/law-school-toolbox-podcast/id1027603976) or your favorite listening app. And feel free to reach out to us directly. You can always reach us via the contact form on the Law School Toolbox website (http://lawschooltoolbox.com/contact). If you're concerned about the bar exam, check out our sister site, the Bar Exam Toolbox (http://barexamtoolbox.com/). You can also sign up for our weekly podcast newsletter (https://lawschooltoolbox.com/get-law-school-podcast-updates/) to make sure you never miss an episode!
Thanks for listening!
Alison & Lee