Piercing the Corporate Veil of a Limited Liability Company

Commingle Funds and Your Liability Shield May Disappear Now that you have taken to heart the information provided in the previous post, Does your “LLC” really limit your liability?, don’t jeopardize the shield created between your business and your personal assets. I have often heard the phrase, “As a business owner, it is not ‘if’ you get sued but rather ‘when’ you get sued.” In determining whether a business owner is personally liable for the debts of a n Ohio Limited Liability Company (presuming the business has not been used for criminal or fraudulent purposes), courts...

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Joshua D. DiYanni, Esq.

Joshua D. DiYanni graduated Magna Cum Laude from the Cleveland-Marshall College of Law in Cleveland, Ohio, where he received various scholastic honors and was an Editor for the Cleveland State University Law Review. Mr. DiYanni is licensed to practice law in the state of Ohio, and in the United States District Court of the Southern District of Ohio, and he is presently a member of the Ohio State Bar Association, and the Columbus Bar Association. Mr. DiYanni primarily practices business law and employment law, including issues involving business organization, regulatory compliance, and...

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