One of the general and principal benefits of incorporating a business entity is limited liability; the owners of a corporation are not liable for the corporation’s actions or debts. There are, however, exceptions. One of the exceptions is the doctrine of “piercing the corporate veil,” under which courts may cast aside the “veil” of incorporation and hold a corporation’s shareholders personally liable for the corporation’s actions. Continue Reading First Department of New York Loosens the Standard for “Piercing the Corporate Veil”
Thomas E. Raccuia is an Associate in the Firm's Construction Group and concentrates his practice in construction litigation. He represents owners, contractors, design-builders, and subcontractors in all aspects of construction-related litigation. Tom also represents property owners in the negotiation and drafting of construction license agreements with neighboring property owners, and in related litigation under New York State’s Real Property Actions and Proceedings Law (RPAPL).
Tom can be reached at email@example.com or 212.871.7400 .