Season 5 · Episode 5
Corporations – Episode 5: Shareholder Limited Liability and Piercing the Corporate Veil
Organized: The Business Law Breakdown · Seth C. Oranburg
July 21, 202520m 55s
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Show Notes
In this episode, Professor Seth C. Oranburg examines limited liability—one of corporations' core superpowers—and when courts "pierce the veil" to hold shareholders personally liable. Covering alter ego theory, undercapitalization, fraud, and factors like commingling funds, he draws on cases and Delaware's strict standards. A critical listen for understanding corporate protections and risks.