Comment by mosburger
7 months ago
In the U.S. we have the concept of "piercing the corporate veil" whereby if you can prove that a LLC (effectively a corporate entity created to shield owner's liability) is a flimsy legal device whose only intent is to skirt laws like this one, you are able to go after the LLC owner personally anyway.
Does the UK have a similar concept?
In a case like the forums in question though you wouldn't set up the LLC so you can skirt the law. You'd set up the LLC and make a good faith attempt to comply with the law.
It may turn out that it is too much work to comply and so you might still need to shut down, but with the LLC you've got a lot more leeway to try without personal risk.
Yes it has the concept. But like the previous poster said, it can only be used in very serious criminal wrongdoing.