Kiritsis & Associates
Law Offices of John Kiritsis & Associates
212 922 0005
Yes, the concept of "piercing the corporate veil" applies to limited liability companies (LLCs). This refers to a situation where the court disregards the separate legal status of an LLC and holds the owners, also known as members, personally liable for the debts and obligations of the business. This is typically done when the members have not followed the formalities of setting up and operating the LLC, or have used the LLC for illegal or fraudulent purposes. The corporate veil can be pierced if the members commingle personal and business funds, fail to maintain formal records, or engage in other practices that blur the distinction between the LLC and its members.
New York Business Corporation Law
New York Limited Liability Company
New York General Obligations Law
NYS Office of Professions
Whether you are a new business startup or a well-established company, our law firm can help you with all of your business law legal needs. For a free consultation, you can call us at 212 922 0005.
Law Offices of Kiritsis & Associates
Phone # 212 922 0005
Manhattan Office (Main Office):
633 Third Avenue
New York, NY 10017
Brooklyn Office (By Appointment Only):
1023 74th Street
Brooklyn, NY 11228
New Jersey Office:
7309 Ventnor Avenue
Ventnor, NJ 08406
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We hope you would find this website useful with regards to finding potentially relevant information for your legal issue. The Law Offices of Kiritsis & Associates PLLC is a boutique law firm headquartered in Midtown Manhattan, with offices in Manhattan, Brooklyn (NY) and New Jersey. We strive to provide professional legal services for individuals and various business entities. Our clientele ranges from including aspiring entrepreneurs, start-ups to established business organizations.
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