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zero demo hate demo nai musuu no me atama no naka. 2002), the Wyoming Supreme Court held that the equitable doctrine of piercing the veil was an available remedy under the Wyoming Limited Liability Company Act. Its important to remember that these steps are by no means meant to take the place of therapy or to be used as a quick fix for your past. Before we’re swallowed by that figure that quietly went insane. For instance, in Kaycee Land & Livestock v. Several courts have determined that the alter ego doctrine may also apply to LLCs. It comes directly from Latin, where it translates. By comparison, however, owners of limited liability companies may structure their business in a manner similar to a corporation so that members and managers are shielded from personal liability for the debts of the Limited Liability Company (LLC). In English, the phrase alter ego means a second self or, more rarely, a very close or intimate friend. This second personality can be caused by a mental. The motives that can lead an individual to create an alter ego are very varied. However, it always refers to a second identity held by a person, which is easily distinguishable from the original. When a court applies it, the court is said to pierce the corporate veil.Ĭourts have not traditionally applied the alter ego doctrine to other business forms, such as partnerships and limited partnerships, because partners generally do not enjoy the same form of limited liability as corporate stockholders, officers, and directors. Depending on where we are, the term 'alter ego' can have slightly different meanings. The alter ego doctrine is also known as the instrumentality rule because the corporation becomes an instrument for the personal advantage of its parent corporation, stockholders, directors, or officers. Definition (noun) a very close and trusted friend who seems almost a part of yourself.
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Hyde, but it has also been explored in philosophy, government, and even economics. This concept is often used as a literary device, perhaps most famously in Strange Case of Dr. A parent corporation is the alter ego of a subsidiary corporation if it controls and directs its activities so that it will have limited liability for its wrongful acts. alter ego - Dictionary definition and meaning for word alter ego. An alter ego is a second self, a part of a persons personality that is in marked contrast with his or her regular personality. A doctrine used by the courts to ignore the corporate status of a group of stockholders, officers, and directors of a corporation in reference to their limited liability so that they may be held personally liable for their actions when they have acted fraudulently or unjustly or when to refuse to do so would deprive an innocent victim of redress for an injury caused by them.Ī corporation is considered the alter ego of its stockholders, directors, or officers when it is used merely for the transaction of their personal business for which they want immunity from individual liability.