Can you tell me a little more about this "alter ego liability"? Because that sounds like there's potential for the SFWA to be on the hook for some of Pat's debt to Quasi, and that's putting a smile on my dial.
Not a lawyer, and not a corporate lawyer, but if you've heard the term "piercing the corporate veil" , it refers to liability for the persons of a corporation and not the business itself. I believe the alter ego term is some old common law doctrine or some shit. This get's extremely complicated, there's differences when shareholders are involved, an llc, a corp, a 501(c)(3) etc. No idea what would apply here. The docterine just means that if a corporation were acting in the interests of an individual or individuals , then they can be liable. It happens very rarely though, especially in the United States, where the free market has a lot of protections. The founders didn't want individuals to be scared to start businesses.
[URL unfurl="true"]https://www.nolo.com/legal-encyclopedia/personal-liability-piercing-corporate-veil-33006.html[/URL]