What, Me Worry? Tort Liability Risks for Participants in LLCs

U.C. Davis Businesss Law Journal, Vol. 11, pp. 267-324

Drake University Law School Research Paper No. 11-10

51 Pages Posted: 15 Aug 2010 Last revised: 26 Oct 2011

Matthew G. Dore

Drake University Law School

Date Written: August 13, 2010

Abstract

State legislatures gave scant consideration to tort victims’ rights when authorizing the LLC as a new business option. Nonetheless, resulting LLC laws left untouched agency law principles that preserve personal tort liability claims against individual LLC participants. This Article explains why this residual tort liability path, and related defensive doctrines, offer the best hope for a principled accommodation of expanded limited liability business options and the interests of third party tort victims.

Keywords: agency, limited liability companies, torts

Suggested Citation

Dore, Matthew G., What, Me Worry? Tort Liability Risks for Participants in LLCs (August 13, 2010). U.C. Davis Businesss Law Journal, Vol. 11, pp. 267-324; Drake University Law School Research Paper No. 11-10. Available at SSRN: https://ssrn.com/abstract=1658613

Matthew G. Dore (Contact Author)

Drake University Law School ( email )

27th & Carpenter Sts.
Des Moines, IA 50311
United States
515-271-4136 (Phone)
515-271-2530 (Fax)

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