Wednesday, July 14, 2010

Nevada Law Protects Officers and Directors from Personal Liability


The officers and directors of Nevada corporations enjoy substantial asset and liability protections.  In general, Nevada law protects directors and officers from personal liability from acts committed on behalf of the corporation or by the corporation itself.  In Nevada, in order to "pierce the corporate veil" to seek the personal liability of officers or directors, one must show fraud or manifest injustice - a very significant burden of proof.  Generally speaking, the Nevada corporate veil protects officers and directors from any personal liability for acts committed in those capacities on behalf of the corporation.

Disclaimer: This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. If you have questions or need specific advice relating to the matters contained herein, please contact Lovaas & Lehtinen, P.C.

1 comment:

  1. Charlotte Business Attorneys Here in north carolina the business has to be under capitalized as well as there must be some sort of fraud in order to pierce the corporate veil.