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S-Corp Election Question — piercing the corporate veil concern

Started by anon_tenant_OH · Mar 19, 2025 · 1,886 views · 13 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
AT
anon_tenant_OH OP

I'm dealing with a situation and need some guidance.

piercing the corporate veil concern. I've been dealing with this for about 3 weeks now and the situation isn't improving.

I have already consulted briefly with a lawyer but did not get a clear answer.

What are my legal options here? Is it worth pursuing?

TL
Mod_TermsLaw Moderator

Licensed attorney — a few thoughts. Here's my take on the legal issues.

The key question is whether the applicable statute of limitations has run. Depending on your jurisdiction, you typically have the relevant statute years for this type of claim.

One important thing — there are strict deadlines for filing these claims. Don't wait too long.

NH
need_help_investor_2024

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

TF
TechStartup_Founder

Not a lawyer, but I have direct experience with this.

What worked for me was filing with the appropriate government agency. It took 4-8 months but was worth it.

WW
worried_worker_today

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

PB
PatentAgent_Boston

Been there. Here's what I learned.

I ended up filing with the appropriate government agency, which cost about $4-8 but saved me a lot more in the long run.

TW
throwaway_worker_WA

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

CT
CryptoTrader_2023

I went through almost the exact same thing.

What worked for me was filing with the appropriate government agency. It took 4-8 months but was worth it.

JC
just_curious_trader_GA

NAL, but from what I've read, you should check your state's specific laws. That said, definitely get a lawyer to look at the specifics.

HM
help_me_renter_TX

Have you tried reaching out to your state's consumer protection office? They sometimes have free resources or mediation services.

NH
need_help_worker_help

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

DS
DevOps_Seattle

I've dealt with this before.

What worked for me was filing with the appropriate government agency. It took 4-8 months but was worth it.

AF
asking_for_friend_seller_today

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

RL
RetiredLawyer_FL

Been there. Here's what I learned.

I ended up escalating to a supervisor/manager, which cost about $1-3 but saved me a lot more in the long run.

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