Photo by Kevin Matos  on Unsplash Introduction Behind every corporation or LLC lies a fundamental policy tradeoff: encourage economic risk-taking through limited liability, but prevent owners from using that protection to commit wrongdoing. When that balance breaks down, courts invoke the doctrine of piercing the veil, disregarding the entity form and imposing personal liability on its members. As LLCs  have overtaken corporations as the dominant choice for new businesses, the doctrine has...