Unformatted text preview: act against the person seeking to disregard the corporate entity, the party seeking to pierce the corporate veil must establish that the shareholder exercised complete control over the corporation to commit fraud or other wrongful conduct. In additional to fraud, Ohio courts have found this requirement to be satisfied when “unjust or inequitable” consequences occur. ANALYSIS: Richard Hess should not be personally liable because there was no evidence of Hess forming a limited liability company to avoid paying creditors. In the lease agreement, Siva did not ask the member owners of 1138 LLC to sign the lease to be liable in an individual capacity but as a company as a whole. CONCLUSION: The court of appeals affirmed the trial court’s decision in favor of Richard Hess is not personally liable for the debt owed to Siva....
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- Fall '14
- Corporation, Limited Liability Company, 1138 LLC, Richard Hess, Ruthiran Siva