The Twisted Veil of Texas LLCs
21 Pages Posted: 23 Sep 2016
Date Written: 2014
In this article, I unwind the Texas limited liability company law of “veil-piercing,” the convoluted exception to the rule that a business entity is legally separate from its owners. The Texas statutes as presently written both (1) forbid veil-piercing of limited liability companies and (2) specify how veil-piercing of limited liability companies is to be done. After demonstrating this absurdity, the article recommends how courts and the legislature should react to it.
Keywords: Limited Liability Company, Business Associations, Veil-Piercing
JEL Classification: K20, K22
Suggested Citation: Suggested Citation