Final answer:
To pierce the LLC veil and hold a member personally liable for business debt, the members must fail to follow the formalities of the LLC and commingle personal and business funds.
Step-by-step explanation:
In order for a court to pierce the LLC veil and hold a member personally liable for business debt, there are several factors that may need to be present. One of these factors is if the members fail to follow the formalities of the LLC. This includes failing to maintain separate bank accounts for personal and business funds, failing to keep proper records and minutes of meetings, and failing to properly capitalize the business. Another factor is if the members commingle personal and business funds, which means mixing personal and business finances together. This can be a sign that the LLC is not being treated as a separate legal entity.