On Fri, Jun 13, 2008 at 10:35 AM, Alex Balashov <[EMAIL PROTECTED]> wrote: > Steve Totaro wrote: > >> It is similar to forming a corporation that owns your house and >> generates revenue from you paying "rent" (mortgage) payments. It is >> obviously a wash but your house is protected from any claims against >> you personally since it is owned by a total legally separate corporate >> entity. > > I'm quite certain this is already obvious and will simply be interpreted > as a tautological affirmation of the obvious, but such co-mingling of > personal and business assets -- whether with an evidently fraudalent > purpose or not as such -- will generally not survive the "test of > reasonableness" that must be satisfied for corporate liability to not be > pierced. > > In other words, if you simply pay for your house in this manner, and > then you declare bankruptcy or are sued by creditors or whatever, the > courts will scavenge this sort of thing up as evidence that your > corporate entity is a financial alter-ego to whatever degree, and > declare that your house is actually, de facto, a personal asset and can > be included in the asset classes potentially awarded by judgments to the > plaintiffs. > > -- > Alex Balashov > Evariste Systems > Web : http://www.evaristesys.com/ > Tel : (+1) (678) 954-0670 > Direct : (+1) (678) 954-0671 > Mobile : (+1) (706) 338-8599
It is a legitimate real estate company renting you a place to live. This asset protection tactic has been around for a very long time and is legit. Totally separate entities. Thanks, Steve T _______________________________________________ -- Bandwidth and Colocation Provided by http://www.api-digital.com -- asterisk-users mailing list To UNSUBSCRIBE or update options visit: http://lists.digium.com/mailman/listinfo/asterisk-users
