{"id":1303,"date":"2018-02-22T20:21:37","date_gmt":"2018-02-22T20:21:37","guid":{"rendered":"https:\/\/barthattorneys.com\/?p=1303"},"modified":"2018-02-23T15:16:19","modified_gmt":"2018-02-23T15:16:19","slug":"oh-no-my-corporate-veil-was-pierced","status":"publish","type":"post","link":"https:\/\/barthattorneys.com\/oh-no-my-corporate-veil-was-pierced\/","title":{"rendered":"Oh no!  My corporate veil was pierced&#8230;"},"content":{"rendered":"<p>You have probably heard the phrase <em>&#8220;pierce the corporate veil.&#8221;<\/em> But do you know exactly what this is all about? It can be a tricky scenario to understand.<\/p>\n<p>Asset protection planning is hugely important today for most people. If you own rental property or a business, if you have meaningful assets in stocks, bonds or cash then asset protection applies to you. Even if it&#8217;s just the equity in your home that constitutes the bulk of your net-worth, understanding asset protection is important.<\/p>\n<p>The reason asset protection is so important is because there are about <strong>40 million lawsuits filed in the U.S. each year and 95% of the world&#8217;s litigation happens right here in America.<\/strong><\/p>\n<p>Once asset protection tools and strategies are put in place, then it becomes critical to ensure you operate them properly. And this is where piercing the veil comes into play.<\/p>\n<p>If life throws you a curve-ball and someone is trying to get at your assets, a bad outcome is having that creditor break through your protection and snatch your business and personal assets.<\/p>\n<p>We have a brand new short video with our founder Harry Barth on piercing the corporate veil. Harry is great at boiling it all down and you can click below to listen.<\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=KmzMpMUdnNk&amp;feature=youtu.be\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium wp-image-1304\" src=\"\/wp-content\/uploads\/2018\/02\/2016-5-300x169.jpg\" alt=\"\" width=\"300\" height=\"169\" srcset=\"https:\/\/barthattorneys.com\/wp-content\/uploads\/2018\/02\/2016-5-300x169.jpg 300w, https:\/\/barthattorneys.com\/wp-content\/uploads\/2018\/02\/2016-5-768x432.jpg 768w, https:\/\/barthattorneys.com\/wp-content\/uploads\/2018\/02\/2016-5-1024x576.jpg 1024w, https:\/\/barthattorneys.com\/wp-content\/uploads\/2018\/02\/2016-5.jpg 1280w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>If you ever have any questions about the concepts discussed in our blogs, please reach out to learn more about our free assessment of your planning.<\/p>\n<p><strong>Here&#8217;s what we get asked about a lot:<\/strong><\/p>\n<ul>\n<li>Proper way to set up and maintain an LLC for property or a business?<\/li>\n<li>Impact of new tax laws on my family and my business?<\/li>\n<li>How does my living trust integrate with an LLC?<\/li>\n<li>How best do I pass assets to my kids?<\/li>\n<li>I am not sure my elderly parents have their planning in place.<\/li>\n<li>I need help with the maintenance of my legal entities.<\/li>\n<li>I own property or a business with someone else, how do I insulate myself from my business partners liability?<\/li>\n<li>How do I mitigate taxes and cover asset protection on the purchase or sale of a business?<\/li>\n<\/ul>\n<p>Click below to pick a time for a quick call.<\/p>\n<p><a href=\"https:\/\/my-schedule.timetrade.com\/app\/td-2144696\/workflows\/g47km\/schedule\/welcome?wfsid=16a5be29-baba97f6-16a5bde1-baba97f6-00000003-ao4hjv61vdrucac1fag25a5qgap323do&amp;view=full&amp;fs=1\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-1305\" src=\"\/wp-content\/uploads\/2018\/02\/Schedule-a-call-button.jpg\" alt=\"\" width=\"200\" height=\"80\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>You have [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":77,"featured_media":906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/barthattorneys.com\/wp-json\/wp\/v2\/posts\/1303"}],"collection":[{"href":"https:\/\/barthattorneys.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/barthattorneys.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/barthattorneys.com\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"https:\/\/barthattorneys.com\/wp-json\/wp\/v2\/comments?post=1303"}],"version-history":[{"count":0,"href":"https:\/\/barthattorneys.com\/wp-json\/wp\/v2\/posts\/1303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/barthattorneys.com\/wp-json\/wp\/v2\/media\/906"}],"wp:attachment":[{"href":"https:\/\/barthattorneys.com\/wp-json\/wp\/v2\/media?parent=1303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/barthattorneys.com\/wp-json\/wp\/v2\/categories?post=1303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/barthattorneys.com\/wp-json\/wp\/v2\/tags?post=1303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}