What, Me Worry? Tort Liability Risks for Participants in LLCsU.C. Davis Business Law Journal (2011)
AbstractState legislatures gave scant consideration to tort victims' rights when authorizing the LLC as a new limited liability business option. Nonetheless, state LLC acts leave untouched agency law principles that preserve personal tort liability claims against individual LLC participants. This article explains why this residual tort liability path and related defensive doctrines offer the best hope for a principled accommodation of expanded limited liability business options and the interests of third party tort victims.
- personal liability,
- limited liability companies,
- limited liability shield
Citation InformationMatthew G Dore. "What, Me Worry? Tort Liability Risks for Participants in LLCs" U.C. Davis Business Law Journal Vol. 11 Iss. 2 (2011)
Available at: http://works.bepress.com/matthew_dore/4/