Any thoughts on getting sued regarding IP Infringement as a LLC, how does the liability trickle down to the people behind the LLC.
For example company X sues a LLC stating that they have violated a patent for example?
For example company X sues a LLC stating that they have violated a patent for example?
I write "typically" because investors can be liable if either (1) they participated in the infringement or (2) a court decides to "pierce the corporate veil," which is rare, but can happen if an investor abuses an LLC (undercapitalizing it, disregarding corporate forms, etc) for the purpose of avoiding liability.