Paul Breaux writes regularly on several law subjects. His writings on corporate, commercial and health care law issues are published regularly in the journal of LPA, and his writings on health care reform have appeared in M.D. NEWS/Louisiana. His writings have also been accepted for publication by the Louisiana Hospital Association and by the Journal of the Louisiana State Medical Society.
You can find a sampling of his writings and newsletters on such topics as commercial and business law, agricultural law and industrial hemp in Louisiana, health care law related to HIPAA, pharmacies, and more.
Disclaimer: This blog does not provide legal advice and does not create an attorney-client relationship. If you need legal advice, please contact an attorney directly.
Carelessness and inattention can make you liable personally for a debt of a corporation, limited liability company, or other business entity. You thus be thorough and mindful to create and maintain appropriate internal records of your company, and you must be vigilant with your business’ external documents, such as contracts, loans and other written agreements it enters into with third persons.
Read MoreLouisiana case law recognizes that shielding a shareholder’s personal assets from liability for corporate debt encourages business investments, especially in high-risk endeavors. Thus, courts are reluctant to disregard the limited liability that is part of corporate stock ownership, unless exceptional circumstances are found to be present.
Read MoreCareful adherence to mandatory corporate formalities will help assure your corporation will not be deemed by an I.R.S. agent in an audit, or a jury in a civil suit, to have ceased to exist, and will help assure it continues to be what you intend — a shield for you against personal liability for the company's debts. Annual shareholder meetings are well worth it for that reason alone.
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