Adding Business Owners To Judgment Got Easier In Calif.
January 9, 2014, 6:22 PM EST
Law360, New York (January 9, 2014, 6:22 PM EST) -- Individuals form limited partnerships, limited liability companies and corporations to limit their personal liability. These legal structures encourage entrepreneurs to take risks. The California Court of Appeal, Second Appellate District, however, has made it easier to add a business owner to a judgment that initially was entered only against the corporate or limited partnership entity he or she owns.
In Relentless Air Racing LLC v. Airborne Turbine Ltd. Partnership (Dec. 31, 2013) 2d Civil No. B244612, the Second Appellate District reversed the trial court’s finding that...