Veil Not Fail: Protecting Your Personal Assets from Business Attacks

Veil Not Fail: Protecting Your Personal Assets from Business Attacks

by Garrett Sutton Esq.
Veil Not Fail: Protecting Your Personal Assets from Business Attacks

Veil Not Fail: Protecting Your Personal Assets from Business Attacks

by Garrett Sutton Esq.

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Overview

“A concise but thorough introduction to strategically protecting personal assets from corporate liability.” – Kirkus Reviews

When a business owner or shareholder is held personally liable for a business’s debts, that’s called “piercing the corporate veil” – and it happens in nearly half of all lawsuits against single-member and small corporations and limited liability companies (LLCs).

Garrett Sutton, Esq. is a corporate legal expert and the personal asset protection attorney for Rich Dad founder Robert Kiyosaki. In Veil Not Fail, he shares the critical information business owners, entrepreneurs, investors, and high-wealth individuals need to set up and maintain secure corporate entities to protect themselves from personal legal exposure.

With case studies and clear legal guidance, Sutton will help make sure you and your business are not at risk. Learn how to:

  • Protect your personal finances and assets from business attack
  • Use corporate entities like LLCs and corporations to reduce your personal liability in the event of a lawsuit
  • Stay above board and avoid sham and alter ego determinations in court 
  • Understand the rules and corporate formalities you need to follow to keep your legal entities in good standing

Veil Not Fail is a straightforward guide to corporate governance and financial risk mitigation for anyone who owns a business, property, or other investments – or for anyone looking to. With his signature candid and easy-to-understand style, Sutton gives you the information you need to better defend yourself and your company, and more importantly, reduce the risk of a lawsuit in the first place.


Product Details

ISBN-13: 9781947588165
Publisher: RDA Press, LLC
Publication date: 11/15/2022
Series: Rich Dad Advisor Series
Pages: 192
Sales rank: 498,947
Product dimensions: 5.90(w) x 8.90(h) x 0.70(d)

About the Author

Garrett Sutton, Esq., is the bestselling author of Start Your Own Corporation, Run Your Own Corporation, The Loopholes of Real Estate, Scam-Proof Your Assets, and many more titles in Robert Kiyosaki’s Rich Dad’s Advisors series. Garrett has over thirty years’ experience in assisting individuals and businesses to determine their appropriate corporate structure, limit their liability, protect their assets, and advance their financial, personal and credit success goals.

Garrett’s law firm, Sutton Law Center, has offices in Reno, Nevada, and Jackson Hole, Wyoming, representing corporations, limited liability companies, limited partnerships and individuals in their real estate and business-related law matters, including incorporations, contracts, and ongoing business-related legal advice. Garrett is also the owner of Corporate Direct, providing affordable asset protection and corporate formation services since 1988.

For more information on Garrett Sutton and Sutton Law Center, please visit his Web sites at www.sutlaw.com and www.corporatedirect.com.

Table of Contents

Foreword Robert Kiyosaki xi

Introduction xiii

Chapter 1 The Most Painful Piercing in History 1

Chapter 2 They Can't Take My Assets, Can They? 7

Chapter 3 How Did Limited Liability Evolve? 23

Chapter 4 How Can a Corporate Veil be Pierced? 29

Chapter 5 A Quick Summary 41

Chapter 6 The Fredo Case - Breach of Fiduciary Duties 45

Chapter 7 Corporate Opportunities Entitled Officers - Angry Shareholders 53

Chapter 8 Bull's-eye on Business Judgment 61

Chapter 9 The Wallop Case - Self Dealing? 69

Chapter 10 Summary Judgement - Getting out Quick 79

Chapter 11 Internal Affairs: Which State's Law Applies? 85

Chapter 12 Clark Kent at Fault 93

Chapter 13 Two Companies - One Owner A Bull's-eye or a Miss? 99

Chapter 14 The Communist Takeover Case 105

Chapter 15 The Wizard of Oz in Connecticut 109

Chapter 16 Undercapitalization 117

Chapter 17 Reverse Veil Piercing 127

Chapter 18 Wife vs. Husband. Husband vs. Wife. 133

Chapter 19 All in the Family Liability: Parent-Child, Sister Frankenstein 137

Chapter 20 Dissolve and Run? 141

Chapter 21 The Government Piercith 153

Chapter 22 Piercing Around the World 157

Chapter 23 Maintaining Corporate Formalities 165

Chapter 24 How to Stay Protected 183

Appendix A The Law of Fraudulent Transfers 193

Appendix B Nevada Fiduciary Law 209

Appendix C Corporate Dissolution Statutes of Limitation 213

Appendix D The Laya Factors Laya v. Erin Homes, Inc. 177 W.Va. 343 (1986) 223

Foot Notes 227

Index 233

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