Re:Can employees become rich by stealing secrets and IP?
by al2o3cr on Friday June 01, 2018 @02:10PM
(#17208269)
The smart employee used a Limited Liability Company, his personal assets are not at risk.
(this is from a US perspective, IANAL, etc)
The protection of an LLC or other corporate structure isn't absolute - there's a whole vein of legal literature discussing "piercing the corporate veil".
One of the biggest reasons why a court would pierce the veil is using the LLC for fraudulent / illegal activity as described above. All the salary / dividends / benefits could be clawed back, and even assets the person had prior to starting the scheme would be potentially subject to forfeiture to pay a judgement.
The protection of an LLC or other corporate structure isn't absolute - there's a whole vein of legal literature discussing "piercing the corporate veil".
One of the biggest reasons why a court would pierce the veil is using the LLC for fraudulent / illegal activity as described above. All the salary / dividends / benefits could be clawed back, and even assets the person had prior to starting the scheme would be potentially subject to forfeiture to pay a judgement.