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Importance of Following Corporate Formalities

"The very first thing as a litigator, I am going to ask for when suing an LLC is 'let me see your bank account; let me see your minute book.' If those do not document the separate legal existence of the LLC, the litigators' eyes are going to pop up and he is going to say 'I have a chance! I have a chance to pierce the corporate veil and get at the owners personal assets!'" quoting Richard E. Scrimale, Esq.

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