Exception to the Rule: Peircing the Corporate Veil in Ohio – Part II

In a previous post, we discussed the personal liability of business owners for the torts and business debts of the business. As was addressed in that post, the general rule is that owners of an LLC are not personally on the hook for these obligations. That is, afterall, the point of forming such an entity. However, this general rule (like most rules of law is far from absolute)……

What is the point in forming an LLC in Ohio?

In this installment of Ohio Law Blog, I will briefly address the primary reason business owners choose to form an LLC (or any business entity, really). The answer is rather simple.  It all boils down to the owners’ ability to protect their house and other...