The corporate form of organization was historically created to provide legal separateness between the corporation and its owners, in order to afford the owners with certain protections from adverse events experienced by the corporation and cap the owners' liability at the amount of their investment in the corporation. However, those protections are not iron-clad. Applying the legal theory of Alter Ego, under certain circumstances the courts have allowed third party creditors to pierce the corporate veil and seek remuneration not only from the corporation but also its owners. This presentation discusses the theory of Alter Ego, the circumstances under which it has been successfully employed by creditors, and the implications to business owners, creditors and others.
|CPE Credit||Recommended, 1 CPE Credit hour(s), field of study—Accounting;|
|Knowledge level||Basic: Most beneficial to CPAs and other financial advisors new to a skill or attribute, including individuals at staff or entry level in an organization as well as seasoned professionals with limited exposure to the area.|
|Additional Info||Online registration and payment of fee will allow materials to sent to the participant’s email address and the participant must submit request for CPE credit after completing the requirements (instructions enclosed with materials). Presenters’ PowerPoint slides for reference are included with materials. If unable to register online, participants may call AIRA’s office at (541) 858-1665 to order.|
Requests for refunds must be received within 10 days after receipt of course subject to a $25 cancellation fee and return of all materials in good condition.
For assistance regarding refunds, program cancellations, or other program related matters, please contact our offices at (541) 858-1665 or by email email@example.com.
"Association of Insolvency and Restructuring Advisors" is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.