The decision of the House of Lords in the Salomon v. Salomon & Co. Ltd. case firmly established the separate legal entity doctrine, also known as corporate personality. The decision meant that legal entities be treated separately from the shareholders and in turn providing them with all the...

This article, prepared for the Business Law Prof Blog 2017 Symposium, examines the statutory grounds available to members who seek judicial dissolution of an LLC in all fifty states plus the District of Columbia. I also examined the judicial dissolution grounds in five model statutes: the 1992...

Despite widespread disagreement as to its merits, the doctrine of limited liability was formally introduced into English law by the Limited Liability Act 1855. The Joint Stock Companies Act 1856 substantially modified the 1855 Act, effectively rendering limited liability available as of right....

This project presents six years of hand-collected federal district court data to analyze the first representative sample of veil piercing litigation. Our method identifies veil piercing complaints through Westlaw's trial pleadings database and codes each case through a detailed examination of...