Reverse Veil Piercing: Evaluating when an LLC’s assets are subject to claims against a member (2024 Edition)

Tod Northman | Tucker Ellis LLP

Tod Northman has more than 25 years of broad business and corporate law experience in commercial law, business transactions, artificial intelligence technology, contract negotiation and dispute resolution, mergers and acquisitions, and real estate.

With a skillful combination of negotiations and corporate counseling, Tod helps guide clients through difficult situations with pragmatic advice and a can-do attitude. Tod represents publicly traded and privately held companies in diverse industries across the country and has particular expertise in the aviation and autonomous vehicles industries.

In his aviation practice, Tod represents cargo conversion companies, maintenance and repair organizations, financial institutions, high-net worth individuals, and middle-market corporations in connection with the acquisition and disposition of corporate and commercial aircraft portfolios and the related financing and/or leasing thereof. He also advises clients on conversion contracts, maintenance, service and supply contracts, leases, and FAA and DOT regulatory matters.

In his autonomous vehicles practice, Tod focuses on advising businesses on acquisitions, contract negotiation, corporate structure, artificial intelligence technology, and regulatory compliance.

Bakita Hill | Tucker Ellis LLP

Bakita Hill advises clients in a variety of business matters, including corporate governance, mergers and acquisitions, capital raises, private equity transactions, corporate due diligence, and corporate reorganization.

Bakita is experienced in analyzing laws and regulations that are critical to businesses, enabling her to determine what provisions will affect a particular transaction. She uses her analytical skills and a keen attention to detail to draft legal documents, including ancillary transaction agreements, license agreements, disclosure schedules, operating agreements, distribution agreements, promissory notes, and asset purchase agreements. She assists clients in managing their businesses, including filing documents with the Secretary of State and IRS, creating business plans, and drafting loan documents. Bakita’s goal in every engagement is to provide superior, efficient service to help clients achieve and maintain their goals.

While in law school, Bakita was a legal intern for a multinational power management company, where she gained valuable experience drafting non-disclosure agreements for potential mergers and acquisitions with companies around the world.

In her free time, Bakita enjoys traveling, listening to music, experimenting with new recipes, doing home projects, and spending time with her family.

I. Good entity legal hygiene | 2:00pm – 2:30pm

II. Best practices in structuring a multi-entity enterprise | 2:30pm – 3:00pm

Break | 3:00pm – 3:10pm

III. Evaluation of legal landscape of veil piercing and reverse veil piercing claims | 3:10pm – 3:40pm

IV. Assessing organizational exposure to reverse veil piercing claims | 3:40pm – 4:10pm