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What is Reverse Piercing the Corporate Veil & When Does it Occur?

To understand “reverse piercing the corporate veil,” we need to understand “piercing the corporate veil.” "Piercing the corporate veil" is a legal term. It is used to describe a situation where a court disregards the separation between a corporation, and its owners or shareholders. This allows the court to use the owners' personal assets to satisfy the corporation's debts, or legal obligations. "Reverse piercing the…
Ayala Law P.A.
March 24, 2023
BusinessLimited Liability Company

MGRM v. MGR; The Importance of Properly Listing Your Title in the Division of Corporations’ Website

Florida division of corporations has a series of acronyms to identify the role in the entity of the persons listed in its website. When it comes to Limited Liability Companies (LLC), two of the more common acronyms are MGR and MGRM. MGR stands for Manager and MGRM stands for Manager-Member. The distinction is very important. An LLC can be member-managed or manager-managed. A member-managed LLC…
Ayala Law P.A.
March 16, 2023
Breach of ContractBusinessCivil LitigationCommercial DisputesContract & Business

Ayala Obtains $187,000 Settlement in Commercial Dispute Over Defective Sequencing Equipment

Ayala is proud to announce that it has obtained a $187,000 settlement in a case where Ayala’s client alleged that the defendant provided defective equipment under a lease.  The case involved the lease of two “sequencing” machines. DNA sequencing is the process of determining the nucleotide order of a given DNA. The machines are issue were supposed to perform accurate sequencing. Ayala’s client, a lab…
Ayala Law P.A.
February 15, 2023

What is Joint And Several Liability and When Does it Apply?

Joint and several liability is a legal concept that applies when multiple parties are responsible for causing harm or damage. It means that each party is individually liable for the full amount of the harm or damage, regardless of their individual level of responsibility. For example, if three people are involved in a car accident and one person is found to be 80% responsible, while…
Ayala Law P.A.
January 25, 2023

Navigating Legal Issues in Business: The Role of a Business Attorney

Business attorneys, also known as corporate attorneys or commercial attorneys, are lawyers who specialize in advising and representing businesses and organizations. They handle a wide range of legal matters that businesses may encounter, including contracts, employment issues, mergers and acquisitions, intellectual property, and more. Business attorneys play a crucial role in helping businesses navigate the complex legal landscape and make informed decisions. They advise businesses…
Ayala Law P.A.
January 10, 2023