Sedgwick Props. Dev. Corp. v. Hinds; An LLC Is Not A Corporation
6 Pages Posted: 27 Oct 2019
Date Written: October 17, 2019
The Court of Appeals gets it mostly correct in refusing to pierce the veil or to find alter ego liability of a single member Colorado limited liability company in Sedgwick Props. Dev. Corp. v. Hinds (July 3, 2019). The Court of Appeals accepted the lack of formalities as a characteristic of limited liability companies (as contemplated in C.R.S. § 7-80-107(2)) and the fact that it was disregarded for federal tax purposes as being irrelevant under C.R.S. § 7-80-107(3) to the alter ego question.
Keywords: limited liability companies, piercing, alter ego, disregarded entity
JEL Classification: K22, K40, K12
Suggested Citation: Suggested Citation