Under Alabama law a corporate entity can be subjected to a claim of alter ego. A claim of alter ego attacks the validity of the corporate entity and seeks to reach the individuals behind the corporate veil. What this means is that a corporate entity, whether it be an LLC, a corporation, or a limited READ MORE
Tag: business law
THE NEW ALABAMA LIMITED LIABILITY COMPANY LAW
The Alabama law governing limited liability companies changed effective January 1, 2015. It is important to understand the changes the new act known as the Alabama Limited Liability Company Law of 2014 makes to the prior LLC law. SUMMARY OF SIGNIFICANT CHANGES The new Act recognizes the contractual nature of the limited liability company. Many READ MORE