Piercing the Single Member LLC


Re-Broadcast on December 20, 2017

Single member limited liability companies are popular alternatives to corporations and sole proprietorships because they offer flexibility and protection from personal liability. Recent cases, however, have exposed members of single member LLCs in various states to personal liability in a variety of contexts. In this course, we will examine the factors courts consider in deciding to pierce the LLC veil to apply alter ego liability as well as strategies to avoid piercing.

Key topics to be discussed:

•   Identify the key factors courts in treating a member as the alter ego of a single member LLC veil
•   Overview of recent trends in key jurisdictions like Texas, California, New York and Delaware
•   Describe strategies for drafting operating agreements and running the business to avoid the risk of veil piercing

Date / Time: December 20, 2017

•   2:00 pm – 4:00 pm Eastern
•   1:00 pm – 3:00 pm Central
•   12:00 pm – 2:00 pm Mountain
•   11:00 am – 1:00 pm Pacific

Choose a format:

•   Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
•   On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.


Elizabeth S. Fenton, Esq. is a partner in the Wilmington, DE office of Saul Ewing LLP. She helps established, start-up and emerging companies across numerous industries, including energy, health care and venture capital/private equity, address disputes that tend to escalate into litigation. This includes disagreements involving the direction and control of the business, protections against legal claims, financial responsibilities, and attempts to pierce the corporate and LLC veils.

Elizabeth serves as a judge pro tempore for the Commerce Program in Philadelphia Court of Common Pleas, where she assists in pre-trial dispute resolution efforts. Her trial experience includes cases before the Delaware Chancery Court, several Pennsylvania state and federal courts, as well as alternative dispute resolution tribunals. She also handles internal investigations, self-disclosures, and related proceedings before the Department of Justice, the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Federal Trade Commission.

Elizabeth is a graduate of Brown University and the University of Pennsylvania Law School. A longtime leader in the American Bar Association Section of Litigation, she currently serves as a member of the Young Litigator’s Task Force and the Strategic Planning Committee. She also is a Barrister in the Rodney American Inn of Court, Co-Chair of the Community Legal Services’ Leadership Council, Co-chair of the Philadelphia Bar Association Business Litigation Committee, and a Member of the Arts & Business Council of Greater Philadelphia.

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CLE 2.00 – ID
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CLE 2.00 – MN
CLE 2.40 – MO

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CLE 2.00 – TX

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CLE 2.40 – WV
CLE 2.00 – WY

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myLawCLE will seek credit where attending attorneys are primarily licensed for all of its live webinars and live teleconferences, except in states which allow for reciprocity (see reciprocity section below). Credit for CLE in a self-study format is sought for in most states; however, some states do not allow for CLE credit to be earned in a self-study format (see the self-study section below). Many states typically decide whether a program qualifies for MCLE credit in their jurisdiction 4-8 weeks after the program application is submitted. For many live events, credit approval is not received prior to the program. Credit hours granted are subject to approval from each state.

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On-demand CLE
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Section I. Overview of the doctrine of veil piercing

Section II. Discussion of specific cases in the single-member LLC context

Section III. Recent trends in key jurisdictions

Section IV. Drafting tips and best practices for operating the single member LLC to avoid veil-piercing